231-233 Spring Street, Reservoir, VIC 3073

Development/Land

For Sale $3,200,000 - $3,500,000

  • Property ID: 432731
  • Land Area: 1365m²
  • Occupancy: Vacant
Town Planning Permit for 15 Townhouses or explore 1365sqm of RGZ3

It doesn't get much better than this, perfectly positioned in the heart of Reservoir with a town planning permit for 15 townhouses or discover what possibilities with 1365sqm of residential growth zone 3land ( STCA).

The permits consist of 9 x 3 bedrooms and 6 x 2 bedroom townhouses all with free flowing light filled living and an efficient contemporary design.

Its prime position allows a short walk to Edwards Street shopping & café precinct, Edwards Park lake, Broadway, Reservoir train station, St Gabriel's Primary, High Street and much more.
Begin preselling today with both homes leased providing a rental return.


Reservoir Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5395 $250 4.63%
Offices $5814 $151 2.60%
Industrial $3553 $185 5.20%
This is the average advertised price, rent and yield for Reservoir, VIC 3073*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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