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Commercial Property

518 High Street

518 High Street, Preston VIC 3072, Australia

- Parking

Property Information

Business Name
Quest Preston
Business Type
Lodging
Status
Operational

About this commercial property

518 High Street occupies a 2,899 m² site with a 43 m frontage onto the main street, and holds a planning permit for a six‑storey building plus a single‑level basement that could accommodate 96 self‑contained units and two retail spaces. The location is presently leased to Quest Preston for lodging services and is zoned with STCA flexibility for a range of commercial uses, including offices, food‑and‑drink premises, retail, warehousing and other assembly or service functions. The property was sold on 1 Mar 2017; price details are available from the agent.

Sales history

EventDatePricePrice per m²
SoldMar 2017Unknown

Key details

Locality
Preston
State
VIC
GNAF PID
GAVIC424358166
Legal parcel ID
2\PS614856
Remoteness area
Metro
Property type
Commercial
Land Use Category
Commercial

Frequently asked questions

What business currently occupies 518 High Street?

The property is currently occupied by Quest Preston, which operates as a lodging establishment.

How well is 518 High Street served by public transport?

It is located within walking distance of Preston railway station on the Mernda line, multiple tram stops on Plenty Road, and numerous bus routes that connect to the Melbourne CBD and surrounding suburbs.

What nearby facilities could benefit a lodging business at this location?

Nearby amenities include Hoyts Circle Theatre (≈0.3 km), Preston Police Station (≈0.5 km), Preston Post Office (≈0.7 km), and several primary schools and the Preston High School, all within a 1 km radius.

How close is the property to Melbourne’s central business district?

Preston is about 9 km north‑east of Melbourne’s CBD, giving the lodging site easy access to the city for guests.

What is the local population that could support a hospitality operation?

According to the 2021 census, Preston has a resident population of approximately 33,790, providing a sizable local market for lodging services.

What road connections are available for vehicle access to 518 High Street?

The property sits on High Street, a principal thoroughfare, with nearby access to Plenty Road and other major streets, facilitating convenient vehicle entry and exit.