For Sale

130 Wood Street, Preston, VIC, 3072

Corner Mixed-Use Opportunity With Plans

House

Type

Bedrooms

Bathrooms

Parkings

Published on Thursday, March 05, 2026 ( See property details for 130 Wood Street, Preston, VIC, 3072)

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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 versatile mixed-use property on a highly visible corner block in Preston, offering immediate income and significant redevelopment potential.

🏡 Property Highlights

Prominent corner position with dual street frontage for maximum exposure
Mixed-use property with two commercial shopfronts and a rear residential dwelling
Existing income potential from retail spaces, ideal for investors
Versatile allotment suitable for future redevelopment or renovation
Plans in place for additional development including commercial space, apartment, and townhouses
Prime location near Northland Shopping Center, Preston Market, and public transport

✨ Key Features

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

Suburb and Property Insights of Preston, VIC 3072

Preston is a vibrant and well-connected suburb offering excellent amenities, diverse dining options, and convenient public transport. It boasts a strong community atmosphere, proximity to major shopping centers like Northland, and access to parks and schools. The area is highly sought after for both lifestyle and investment, with significant growth potential and ongoing development projects. Its strategic location makes it ideal for owner-occupiers, investors, and developers seeking a dynamic and thriving precinct.

Frequently Asked Questions

What are the current zoning and planning restrictions for this property?

The property is situated on a versatile allotment with plans in place for future development, subject to council approval (STCA). It is advisable to consult the local council for specific zoning and planning regulations.

Are there any existing easements or covenants affecting the property?

Details regarding easements or covenants are not specified; prospective buyers should conduct a title search or consult a solicitor for comprehensive information.

What are the potential costs involved in renovating or redeveloping the property?

Costs will vary depending on the scope of renovation or redevelopment. It is recommended to obtain quotes from qualified builders and assess planning and permit requirements.

Is there any ongoing or upcoming construction activity in the vicinity?

The property is located in a thriving area with ongoing development plans; local council or planning authorities can provide details on current or future projects.

What are the flood or bushfire risks in this area?

Preston is generally considered low risk for flooding and bushfires; however, it is advisable to review local hazard maps and consult relevant authorities for specific risk assessments.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses associated with the property? Has the property been inspected for structural issues or pest infestations? Are there any restrictions or covenants that could limit future development or renovation plans? Is the property compliant with all local building codes and regulations? Are there any planned infrastructure projects or zoning changes that could impact the property's value? What are the council rates, land taxes, and other ongoing costs? Are there any existing disputes or legal issues related to the property? Has the property been affected by any environmental hazards or contamination? Are there any easements or rights of way that could affect access or use? What is the history of the property's ownership and any previous renovations or modifications?

130 Wood Street, Preston, VIC, 3072 - More Details

Corner Mixed-Use Opportunity With Plans

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 1

130 Wood Street, Preston, VIC, 3072 - Point Of Interest

Locate Near By Places of 130 Wood Street, Preston, VIC, 3072 On Map

Your Commute at a Glance: 130 Wood Street, Preston, VIC, 3072

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130 Wood Street, Preston, VIC, 3072

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