98 Albert Street, Preston VIC 3072

A truly remarkable opportunity to gain an immediate start on a never-to-be-repeated development permit. On this substantial 891sqm (approx.) block with an existing 3-bed brick veneer home, there are approved plans and permits already in place for 6 oversized, high-end luxury town residences.

The permits were approved under the old guidelines – granting a higher density than you could achieve today, making this an exceptional opportunity in Melbourne's highly sought-after inner-north growth corridor.

This outstanding block backs onto TW Blake Park and the largest of the planned residences takes full advantage of its parkside location. The existing plans are ready to go. They feature striking contemporary design from leading architects C. Kairouz Architects, providing a sublime mix of ultramodern design and superb spacious living.

An exceptional location – around the corner from Northland Shopping Center, within minutes of High Street cafes, shopping and the Preston Markets, and it's an easy walk to trams on Plenty Road. It's just 20 minutes' drive to the CBD. Plus, it's within the sought-after Thornbury High School zone.