RESERVOIR COMMERCIAL LANDMARK - LEASED INVESTMENT OPPORTUNITY

- Ray White Preston are pleased to offer 290 Broadway, Reservoir as a golden investment opportunity for investors looking to secure a landmark commercial property in the heart of Reservoir
- Current net rental income of approximately $88,000 * from 4 tenancies
- Potential net income of $106,000 if the vacant first floor office is offered for lease at an estimated $18,000 pa net
- Net lettable building area of 320 sqm *
- Commercial One Zoned land of 236 sqm * on 4 titles
The addresses of the properties being sold:
290 Broadway, Reservoir
2a Cheddar Rd, Reservoir
2b Cheddar Rd, Reservoir
2c Cheddar Rd, Reservoir
* Approximately
From 1 July 2024, the State Revenue Office allows buyers of commercial and industrial properties to choose between paying stamp duty at settlement or spreading the payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

St Gabriel's School Primary Prep-6 Catholic 0.32km
Reservoir Primary School Primary Prep-6 Government 0.59km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 1.1km
St Stephen's School Primary Catholic 1.1km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 1.2km
Reservoir East Primary School Primary Prep-6 Government 1.3km
Preston Primary School Primary Prep-6 Government 1.6km
Reservoir West Primary School Primary Prep-6 Government 1.7km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 1.7km
Reservoir Views Primary School Primary Prep-6 Government 1.7km
Holy Name School Primary Prep-6 Catholic 1.8km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 1.9km
Reservoir High School Secondary 7-12 Government 2.0km
St Joseph the Worker School Primary Prep-6 Catholic 2.1km
William Ruthven Primary School Primary Prep-6 Government 2.3km
St Raphael's School Primary Prep-6 Catholic 2.4km
William Ruthven Secondary College Secondary 7-12 Government 2.4km
Our Lady of the Way School Primary Prep-6 Catholic 2.4km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 2.5km
Kingsbury Primary School Primary Prep-6 Government 2.6km
Preston High School Secondary 7-12 Government 2.7km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.7km
East Preston Islamic College Combined Prep-12 Independent 3.0km
Northern College of the Arts and Technology Secondary 10-12 Government 3.0km
Parade College - Preston Campus Secondary Catholic 3.1km
St John's College Preston Combined Prep-12 Independent 3.4km
Darul Ulum College of Victoria Combined Prep-12 Independent 3.5km
John Fawkner Secondary College Secondary 7-12 Government 3.6km
John Fawkner Secondary College-Sports Learning Centre Secondary Government 3.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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