Gross Waddell ICR is pleased to present 581 Plenty Road, Preston, for sale. This versatile and prominently located property offers a prime opportunity for the astute buyer, whether looking to occupy, invest, or develop in a desired Preston location.

The Commercial 1 zoning provides flexibility for future development (STCA), with excellent exposure on Plenty Road and rear access via a R.O.W. Currently generating short-term income, the property is leased to a tenant operating under a 9B permit, making it ideal for educational use (STCA).

Key Property Features:

• Flexible Commercial 1 Zoning (C1Z) for future development (STCA)

• Land area: 330 sqm*

• Building area: 275 sqm*

• Month to month tenancy

• 9B Permit^ in place

• Potential to occupy, invest, or further develop (STCA)

• 11m* frontage with high exposure to Plenty Road

• Could suit medical, office, showroom, or educational uses with the existing 9B Permit^

• Convenient access to public transport including trams at your doorstep

• Rear access via R.O.W.

• Potential to split into two separate tenancies, offering leasing or occupation flexibility (STCA)

Lease Details:

• Tenant: College of Skills & Knowledge Pty Ltd

• Lease Term: Month to month

• No further options available

*approx

^Due Diligence required

(STCA) Subject to council approval

The property is offered for sale via Expressions of Interest (EOI) closing Wednesday 4th December at 3:00pm.

For more information or to schedule an inspection, please contact our exclusive sales and marketing agents at Gross Waddell ICR.

Remember to mention you found this property on DevelopmentReady