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A fantastic 1220sqm site for 10 Townhouses, or the next commercial development.
Presenting 196-198 Albert Street Reservoir, a rare double block opportunity.
• Recently approved permit for a boutique luxury development in a sought-after area
• Landholding of approximately 1,220 sqm with 2 street frontages under 2 titles
• Reservoir is a suburb with high demand and increasing median house prices (source REIV)
• Development includes 10 townhouses, predominantly 3-bedroom dwellings
• Each townhouse features multiple living spaces and private outdoor areas
• Located near Preston & Heidelberg, suburbs with rising median house prices
• Close to retail at Preston Northland and amenities in both Reservoir and Preston
• Accessible to Preston, Reservoir trains, trams, and buses, and approximately 15 minutes to the CBD
• Nearby schools include Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. A childcare centre is located next door
The properties are currently tenanted and generating rental income.
For investors, builders, and developers, the vendors will provide:
• Working Drawings
• Structural Engineering & Comps
• Drainage Design
• LPOD & SDO
• Soil Test
• 6 Star Energy Rating at the time of settlement
• Recently approved permit for a boutique luxury development in a sought-after area
• Landholding of approximately 1,220 sqm with 2 street frontages under 2 titles
• Reservoir is a suburb with high demand and increasing median house prices (source REIV)
• Development includes 10 townhouses, predominantly 3-bedroom dwellings
• Each townhouse features multiple living spaces and private outdoor areas
• Located near Preston & Heidelberg, suburbs with rising median house prices
• Close to retail at Preston Northland and amenities in both Reservoir and Preston
• Accessible to Preston, Reservoir trains, trams, and buses, and approximately 15 minutes to the CBD
• Nearby schools include Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. A childcare centre is located next door
The properties are currently tenanted and generating rental income.
For investors, builders, and developers, the vendors will provide:
• Working Drawings
• Structural Engineering & Comps
• Drainage Design
• LPOD & SDO
• Soil Test
• 6 Star Energy Rating at the time of settlement
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.