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138 High Street, Preston, VIC 3072

Orrizon, 138 High Street, Preston

Jones Real Estate is proud to present ‘Orrizon’ at 138 High Street, Preston – a brand new, masterfully designed 5-level freestanding mixed-use freehold, available For Sale via Expressions of Interest closing Wednesday 17th Decemeber at 12:30pm (AEDT).

Positioned in the heart of Preston’s flourishing High Street precinct, this rare and refined city-fringe opportunity combines striking design, luxury finishes, and ultimate versatility across five meticulously crafted levels.

‘Orrizon’ stands as a statement in modern urban living and boutique commercial appeal, offering vacant possession across a diversified mixed-use profile.

Key features include:

– Striking five-level freestanding mixed-use freehold featuring 4 tenancies, architecturally crafted with a refined blend of scale, elegance, and elevated inner-north living.

– Diversified and design-led, the property offers exceptional flexibility with multiple income streams, including ground-floor commercial spaces, 3 premium residential apartments, and a luxury 2-level penthouse. The asset also features a spacious ground-floor garage with capacity for 6 cars.

– Outstanding value-add potential to acquire under a single title and unlock future upside by selling down individual residences at retail value (STCA).

– Each residence has been thoughtfully designed with generous layouts and premium finishes, crafted to suit a wide variety of occupant profiles – from professionals and downsizers to long-term renters.

– This refined, high-quality asset offers the prestige and control of whole-building ownership within one of Melbourne’s most dynamic and sought-after lifestyle precincts.

– Walkable lifestyle location surrounded by award-winning venues including Moon Dog World, Tallboy & Moose, Stray Neighbour and Preston Market.

– Only 7.9km* from Melbourne CBD, this property offers seamless connectivity. Just 270m* to Bell Station, a bus stop located directly outside the property and surrounded by major arterials such as Bell St, Plenty Rd and St Georges Rd.

– 7m* frontage to High St plus R.O.W laneway access, enhancing flexibility for future redevelopment, subdivision or alternative commercial uses (STCA).

*Approx.

For further information or to arrange a private inspection, please contact the exclusive selling agents at Jones Real Estate.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.