1-12/20 Cooper Street, Preston, Vic 3072

For Sale

1-12/20 Cooper Street, Preston, Vic 3072-Image

1-12/20 Cooper Street, Preston, Vic 3072-Floorplan

1-12/20 Cooper Street, Preston, Vic 3072

$4,500,000 - $4,900,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

Last updated on Friday, May 29, 2026 ( See property details for 1-12/20 Cooper Street, Preston, Vic 3072)

$4,500,000 - $4,900,000

View the agent price guide.

Jason Salan - Real Estate Agent - Fletchers - Inner North

Jason Salan Licensed Estate Agent & Auctioneer

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Anthony Cardinale - Real Estate Agent - Fletchers - Inner North

Anthony Cardinale Director

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity comprising 12 spacious apartments with excellent rental income and subdivision potential in a prime Preston location.

🏡 Property Highlights

Rare opportunity to purchase 12 apartments under one title
Excellent rental returns of approximately $260,000 per annum
Sub-division potential (STCA) for future development or sale
Positioned in a blue-ribbon locale close to Preston Market and High Street amenities
Each apartment offers spacious two-bedroom layouts with open-plan living
Own access to off-street parking for each unit

✨ Key Features

Open-Plan Living
Built-in Robes
Outdoor Area
Garage
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Preston, VIC 3072

Preston is a vibrant suburb renowned for its diverse shopping, dining, and entertainment options. It offers excellent public transport links, including Preston Train Station, and abundant parklands for outdoor activities. The area boasts a strong community vibe with numerous schools and local amenities, making it ideal for both investors and families. Its central location ensures easy access to Melbourne CBD and surrounding suburbs, enhancing its appeal. Preston continues to attract growth and development, making it a strategic choice for property investment.

Frequently Asked Questions

What is the current rental income for the apartments?

The total lease return is approximately $260,000 per annum, with individual apartment rents varying based on market conditions.

Is subdivision of the property possible (STCA)?

Yes, there is scope for subdivision subject to council approval (STCA), offering potential for future development or sale.

What are the nearby amenities and transport options?

The property is conveniently located close to Preston Market, High Street shopping and dining precinct, Preston Train Station, parklands, and numerous local amenities.

Are there any restrictions or covenants on the property?

Details regarding restrictions or covenants can be obtained from the relevant local council or title search.

What is the condition of the apartments and potential for improvement?

The apartments offer similar layouts with scope for improvement, renovation, or upgrading to enhance value and rental returns.

What to ask about this property to agent?

Are there any existing planning or zoning restrictions that could affect subdivision or development plans? What are the potential costs associated with subdividing or renovating the apartments? Are there any known structural issues or defects with the buildings? Is there any ongoing or upcoming construction or development in the vicinity that could impact the property? What are the strata or body corporate arrangements and associated fees, if applicable? Are there any easements, covenants, or restrictions on the land that could limit use or development? What are the flood or bushfire risks in this area? Are there any planned changes to local infrastructure or amenities that could influence property value? What are the total costs involved in maintaining or upgrading the property? Is the property compliant with all relevant building codes and regulations?

1-12/20 Cooper Street, Preston, Vic 3072 - More Details

$4,500,000 - $4,900,000

Type: Block Of Units
Bedrooms: 24
Bathrooms: 12
Parkings: 12

Price guide

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1-12/20 Cooper Street, Preston, Vic 3072 - Point Of Interest

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Your Commute at a Glance: 1-12/20 Cooper Street, Preston, Vic 3072

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1-12/20 Cooper Street, Preston, Vic 3072

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