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Residential Property

518-528 High Street

Preston VIC 3072, Australia

- Bedrooms
- Bathrooms
- Parking
2899 m² Land size

About this property

yardizepropertyrecord

518 High Street in Preston, Victoria sits on a 2,899 m² land parcel and is currently occupied by Quest Preston, a lodging business. The site holds a planning permit for a six‑level building with a single‑level basement, featuring 96 apartments, two retail shops and a 43‑metre frontage to High Street, with other potential uses (STCA) including food and drink premises, offices, retail, warehousing and more.

The property was sold on 1 Mar 2017; price details are available from the agent

Key details

Locality
Preston
State
VIC
Coordinates
37.73400095 / 145.00488981
GNAF PID
GAVIC424358166
Legal parcel ID
2\PS614856
Remoteness area
Metro
Property type
Commercial
Land size
2899 m²
Land Use Category
Commercial

Commercial property information

Business Name
Quest Preston
Business Type
Lodging
Status
Operational

Sales history

EventDatePricePrice per m²
Sold
1 Mar 2017

Real Estate Agencies

Ordered by:
Jellis Craig - Northcote
3.8 km
Jellis Craig - Moonee Valley
8.2 km
Jellis Craig Northern - BRUNSWICK
5.9 km
Jellis Craig - Reservoir
1.9 km
Barry Plant - Glenroy
8.5 km
Barry Plant Northcote & Preston - NORTHCOTE
3.5 km
Barry Plant - Reservoir
2.0 km
Belle Property - Carlton | Melbourne | North Melbourne
7.7 km
Barry Plant Inner City Group - Brunswick & Coburg
3.7 km
Barry Plant - Craigieburn
16.1 km
Buxton - Stonnington
13.5 km
Fletchers - Inner North
0.2 km
Belle Property - Ascot Vale
8.5 km
Fletchers Bundoora - BUNDOORA
4.5 km
Belle Property - Doncaster East
15.0 km
Auv Real Estate - MALVERN EAST
16.0 km
Jason Real Estate - Tullamarine
11.5 km
Hockingstuart - Preston
0.2 km
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
Preston High School
0.8 km
Secondary school | Government
Sacred Heart Primary School
1.2 km
Primary school | Catholic
St John's Greek Orthodox College
1.5 km
Combined school | Independent
Preston South Primary School
1.6 km
Primary school | Government
Preston West Primary School
1.0 km
Primary school | Government
St Raphael's Primary School
1.1 km
Primary school | Catholic
Bell Primary School
2.0 km
Primary school | Government
Preston Primary School
0.7 km
Primary school | Government
Thornbury Primary School
2.4 km
Primary school | Government
St Mary's School
2.6 km
Primary school | Catholic
Penders Grove Primary School
2.5 km
Primary school | Government
Northern College of the Arts and Technology
1.9 km
Secondary school | Government
Thornbury High School
3.0 km
Secondary school | Government
Coburg High School
2.8 km
Secondary school | Government
East Preston Islamic College
2.6 km
Combined school | Independent
Virtual School Victoria
3.6 km
Combined school | Government
Santa Maria College
4.1 km
Secondary school | Independent
Reservoir High School
2.5 km
Secondary school | Government
Northcote High School
4.1 km
Secondary school | Government
Nino Early Learning Adventures Preston
1.3 km
* Approximate straight-line distances

Frequently asked questions

What is the land size of the property at 518 High Street and what does that imply for floor space?

The site sits on approximately 2,899 m² of land, offering a substantial footprint for a large‑scale lodging operation. While exact internal floor area is not listed, the land area provides flexibility for a sizable building envelope

Which public transport services are available near 518 High Street?

The property is within about 0.6 km of Preston railway station on the Mernda line and is served by multiple tram stops on Plenty Road. In addition, a wide network of bus routes (including 251, 382, 517, 527 and others) provides direct links to Melbourne CBD and surrounding suburbs

What nearby commercial amenities could support a lodging business at this location?

Within a short walk you’ll find Preston Market (≈0.6 km) and the Hoyts Circle Theatre (≈0.3 km), offering food, shopping and entertainment options for guests. The proximity of the Preston Police Station (≈0.5 km) also adds an element of safety and convenience

Which major roads provide vehicle access to 518 High Street?

The site is positioned on High Street and directly connects to Plenty Road, one of Preston’s primary arterial routes. This location offers straightforward vehicle access to the Melbourne CBD and surrounding industrial zones

Who is the current occupant of the property and what type of business do they operate?

The premises are currently occupied by Quest Preston, an operational lodging provider. The business is actively serving guests on site

Is the property suitable for commercial uses other than lodging?

With nearly 3,000 m² of land in a high‑traffic corridor and strong transport links, the site could accommodate other hospitality, mixed‑use or retail concepts, subject to local planning approvals. Its size and location provide a versatile platform for various commercial ventures

What is the demographic and economic context of the Preston area?

Preston is a suburb of Melbourne located about 9 km north‑east of the CBD, with a recorded population of 33,790 in the 2021 census. The area features a culturally diverse community and a mix of residential, commercial and industrial activity, making it a vibrant location for businesses

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