Darebin Council Proposes Sale of Preston Right of Way

City of Darebin has issued a public notice for the proposed sale of a right of way adjoining 62 Rene Street, Preston.

The council is seeking to dispose of the unused right of way land in Preston's 3072 postcode area. The notice follows standard statutory requirements for the sale of council-owned land.

The right of way is located adjacent to residential property at 62 Rene Street in Preston's established residential zone. Such sales typically occur when council determines the land is surplus to community needs and can generate revenue for municipal purposes.

For developers and property investors, this presents a potential land acquisition opportunity in Preston's established residential market. The sale could enable property consolidation or development enhancement for adjoining landowners.

Interested parties should review the full public notice details and submission requirements. Community feedback periods for council land sales typically run for several weeks before council makes a final decision.

Source: City of Darebin