Superbly positioned just south of Bell Street and on the Thornbury border, 24 Victoria Street offers a rare and highly sought-after opportunity to secure a prime development site in one of Preston's strongest growth pockets.
Set on a generous 586sqm (approx.) of flat, rectangular land with wide frontage, the property is primed for multi-unit/townhouse development, or a prestige rebuild (STCA). With the added appeal of a liveable 2-bedroom home and strong rental potential, this is a strategic acquisition for developers, land bankers, or long-term investors.
Property Highlights:
* Substantial 586sqm (approx.) allotment in a premier inner-north location
* Excellent development potential (STCA) in Residential Growth Zone
* Flat, rectangular block with wide street frontage
* South of Bell Street, bordering Thornbury – a proven lifestyle hotspot
* Existing 2-bedroom, 1-bathroom residence with rental or live-in potential
* Strong local demand for quality townhouses and boutique builds
Location Benefits:
* Easy walk to Thornbury Train Station and multiple tram routes
* Close to vibrant High Street shopping, cafes & Thornbury Village
* Moments from local parks, schools, and Preston South Shopping Centre
* Just 8km (approx.) to Melbourne CBD
Opportunities of this calibre, land size, and location are increasingly rare. With everything in place for your next successful development or investment move, 24 Victoria Street is a must-inspect.
