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745 Gilbert Road,
Reservoir 3073, Victoria

3 bedrooms
1 bathroom
5 car spaces
664m² land size
House

$975,000

Property Price Statement

Property details

Versatile Opportunity on 664m² (Approx.) - Residential, Commercial or Development Potential (STCA)

Positioned in a highly sought-after pocket of Reservoir, this flexible property set on approximately 664m² presents a rare opportunity for homeowners, commercial buyers and developers to secure a site with genuine versatility and long-term upside.

Previously utilised as an allied health clinic, the property offers a functional and adaptable layout comprising multiple rooms, a central hallway and essential amenities, making it well suited for continued medical, allied health or professional use (STCA). The existing configuration provides a practical foundation for those looking to establish or expand a business in a well-connected location.

Alternatively, the property can be comfortably utilised as a residential home, offering three well-sized bedrooms, a central bathroom, a light-filled living area and a utility room that can be used as home off or study. With solid bones and a straightforward layout, it presents an excellent opportunity to renovate, update or lease out while considering future plans.
A standout feature of the property is the expansive rear concrete area, providing substantial on-site parking and easy vehicle access. This space is ideal for accommodating multiple vehicles, client parking or operational needs, while also adding significant value from both a commercial and development perspective.

For developers, the generous landholding and accessible block layout open the door to future redevelopment, whether that be a multi-dwelling project or a complete transformation of the site (STCA). The combination of land size, positioning and existing improvements creates a compelling opportunity to maximise value over time.

Situated along Gilbert Road with public transport at your doorstep and close proximity to local shops, cafes, schools and parklands, the location further enhances the appeal across all buyer types.

This is a unique opportunity to secure a property that can be utilised in the short term while offering flexibility and strong potential for the future.

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

  • Reservoir West Primary School Primary Prep-6 Government 0.27km
  • St Gabriel's School Primary Prep-6 Catholic 1.1km
  • Newlands Primary School Primary Prep-6 Government 1.3km
  • St Raphael's School Primary Prep-6 Catholic 1.5km
  • Reservoir Primary School Primary Prep-6 Government 1.6km

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.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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