Positioned at the prominent intersection of Showers Street and Stokes Street, Preston Panorama presents an exceptional opportunity to acquire a vacant development site with an existing planning permit for 44 apartments.
Situated within the prestigious Bell development precinct of Preston, this remarkable project offers the potential to deliver spacious, contemporary residences, including apartments featuring generous bedrooms and private outdoor spaces exceeding 100 sqm.
A Development Designed for Modern Living
The approved development features a substantial podium and an impressive rooftop lifestyle area with panoramic city views, creating an attractive blend of urban convenience and outdoor living.
Located in one of Preston's most sought-after growth precincts, the site is surrounded by established residential developments, with brand-new four-bedroom homes in the area reportedly achieving sales exceeding $1.7 million.
Unbeatable Location and Connectivity
Everything you need is within easy reach, including:
• Transport: Convenient access to nearby tram stops and public transport.
• Shopping and Dining: Close to the world-famous High Street, Preston
Market, local shopping strips, vibrant cafés and restaurants.
• Lifestyle and Recreation: Nearby parks, gardens and open spaces.
• Everyday Convenience: Easy access to McDonald's, service stations and essential amenities.
• Education: Preston High School and a range of other educational institutions nearby.
An Opportunity Not to Be Missed
Combining a strategic location, an existing planning permit and the potential to deliver 44 contemporary apartments, Preston Panorama represents a compelling opportunity for developers, builders and property investors seeking their next landmark project.
With lifestyle amenities, transport connections and Preston's vibrant retail and dining scene all close by, this is a location where convenience meets long-term potential.
Preston Panorama – A prominent address. An approved vision. An exceptional development opportunity.
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Material Facts - please refer to the contract of sale and vendor statement for material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property.
While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies.
Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
