Orrizon, 138 High Street, Preston, Vic 3072

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 10th September 2025 at 12pm (AEST).

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 5-level freestanding mixed-use freehold, 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.