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63 Showers Street, Preston, Vic 3072 For Sale
63 Showers Street, Preston, Vic 3072 63 Showers Street, Preston, Vic 3072-Image 63 Showers Street, Preston, Vic 3072-Image 63 Showers Street, Preston, Vic 3072-Image 63 Showers Street, Preston, Vic 3072-Image

63 Showers Street, Preston, Vic 3072

$3,650,000 - $4,015,000

Residential Land
Type
1,268 m²
Area

Published on Friday, October 23, 2026 ( See property details for 63 Showers Street, Preston, Vic 3072)

$3,650,000 - $4,015,000

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

Preston Panorama offers a rare development opportunity with approved plans for 44 modern apartments in a highly sought-after location with panoramic city views and excellent connectivity.

🏡 Property Highlights

  • Existing planning permit for 44 contemporary apartments
  • Prime development site in Preston's prestigious Bell precinct
  • Spacious residences with private outdoor spaces exceeding 100 sqm
  • Panoramic city views from rooftop lifestyle area
  • Strategic location with excellent transport, shopping, and amenities
  • Potential for high-value sales in a sought-after growth area

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Balcony
  • Secure Parking
  • Built-in Robes
  • High energy efficiency
  • Walkability Score
  • Fully fenced
  • Pet-Friendly

Preston is a vibrant suburb renowned for its excellent transport links, diverse shopping and dining options, and abundant parks and open spaces. Its strategic location within Melbourne’s north offers strong growth potential, making it ideal for developers and investors seeking long-term value. The area boasts a mix of established and new residential developments, with high demand for quality apartments and family homes. Preston’s community-focused lifestyle, combined with its proximity to the CBD, ensures a dynamic and convenient living environment.

What is the current zoning and development potential for this site?
The site has an approved planning permit for 44 apartments, offering significant development potential within Preston's prestigious Bell precinct.
Are there any restrictions or covenants associated with the land?
Details regarding restrictions or covenants can be obtained from the local council or planning authority; the current permit indicates compliance with relevant planning regulations.
What are the nearby amenities and transport options?
The property is conveniently located near tram stops, Preston Market, High Street shopping, parks, and schools, providing excellent connectivity and lifestyle options.
Is there scope for customizing or modifying the approved development plans?
Potential exists for customization or modifications subject to council approval; consultation with planning professionals is recommended.
What are the expected costs involved in developing this site?
Development costs will include construction, permits, and infrastructure; detailed estimates should be obtained from a qualified builder or developer.
Are there any hidden costs or additional fees associated with the development permit or land purchase? Has the land been surveyed recently, and are there any easements or zoning restrictions that could impact development? Are there any planned infrastructure projects or nearby construction that could affect future living conditions? Is the land prone to flooding, bushfire risks, or other environmental hazards? Are there any strata or body corporate considerations if planning to develop multiple units?

63 Showers Street, Preston, Vic 3072 - More Details

$3,650,000 - $4,015,000

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.
Type
Residential Land
Area
1,268 m²

Price guide

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Map & nearby places — 63 Showers Street, Preston, Vic 3072

Explore 63 Showers Street, Preston, Vic 3072 in 3D

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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