71-75 Gilbert Road, Preston

Subscribe to regular market updates. Building and Pest report for 71-75 Gilbert Road, Preston Unleash the Potential of Preston’s Iconic Rivoli Theatre. Built originally in 1936, this architectural treasure is one of Preston’s most storied landmarks, rich in history and alive with possibility. Embrace a once-in-a-generation opportunity to secure a rare fusion of heritage, scale and transformative potential. This grand old dame offers a substantial footprint in the heart of Preston’s thriving cultural precinct, just steps from the vibrant energy of Miller Village, renowned for boutique shopping, trendy cafes, gelato bars and direct tram access to the city. This site is also zoned for Bell Primary and Coburg High Schools. Occupying a commanding 860sqm (approx.) corner allotment at Gilbert and Oakover Roads, with over 25 metres of frontage across four titles. Located in a General Residential Zone – Schedule 2 (GRZ2) and free from heritage overlay, this storied gem offers a compelling canvas with exceptional flexibility. Whether you’re a developer, investor or creative visionary, this is your chance to raise the curtain on its next chapter, be it a boutique residential development (STCA), contemporary gallery, live music or events venue, cinema, or a distinctive retail or hospitality destination that honours the building’s rich past while embracing a dynamic future. Retaining its authentic architectural fabric, the Rivoli offers a rich and adaptable interior layout. Key features include: -Original timber floors throughout -Mezzanine level and projector room -Grand foyer with period character -Spacious storage room -Three versatile ground-floor rooms, with kitchenette and toilet facilities with shower -Street access via roller door, ideal for loading deliveries, or functional reconfiguration Elevated above the theatre sits a charming apartment, ideal for owner-occupiers, short-term rental, or use during future development. This residence features: -Two spacious bedrooms, one with wardrobes -Central bathroom with bathtub, walk-in-shower, vanity and toilet -Expansive open-plan living area -Well-appointed kitchen with stainless steel gas cooker and dishwasher Inspection by appointment Oakover Road Preston Thornbury Primary School Hutton St Thornbury St John's Greek Orthodox College 21 Railway Place West Preston Newlands Primary School Elizabeth Street East Coburg Preston West Primary School 383 Murray Road Preston 36 Patterson Street Coburg East Coburg Senior High School 1 Clifton Grove Preston 2 Mansfield Street Thornbury Cooper Street Preston West Preston South Primary School Hotham Street Preston Croxton Special School Beaconsfield Parade Northcote Preston Girls Secondary College Cooma Street Preston Brunswick East Primary School 195a Stewart Street Brunswick East St Margaret Mary's School 47-49 Mitchell Street Brunswick North 562 Sydney Road Coburg Coburg Primary School 98 Bell Street Coburg Wales Street Primary School 49 Wales Street Thornbury Australian International Academy of Education 653 Sydney Road Coburg Penders Grove Primary School 370 Victoria Road Thornbury Moreland Primary School De Carle Street Moreland 52 Saunders Street Moreland Northcote Primary School Helen Street Northcote 50 Separation Street Northcote 197 Clarendon Street Thornbury East 760 Sydney Road Coburg Preston Primary School 240 Tyler Street Preston 39 James Street Northcote Reservoir West Primary School Carrington Road Reservoir Northcote High School St Georges Road Northcote