BUY ONE OR BUY BOTH - OCCUPY, INVEST OR RE DEVELOP

- Two shops on separate titles with a combined Plenty Road frontage of 12.2 metres*
- Potential for a mixed-use commercial/apartment, rooming house or student accommodation development over multiple levels (STCA)
- 726 Plenty Road building area of 50 sqm* on land area of 223 sqm*
- 728 Plenty Road building area of 90 sqm* on land area of 223 sqm*
- 728 Plenty Road has a month-to-month overholding tenancy with the tenant willing to commit to a long term lease if purchased by an investor
- Rear access to on site parking with a garage facility at number 726
- Rear access to on site parking at number 728
- The properties are eligible for Self Managed Super Fund (SMSF) LRBA Borrowing
- Tax effective investment opportunity with the Negative Gearing option available for investors
- Flexible Commercial One Zoning
* Approximately
- 726 Plenty Road, Reservoir: $550,000 - $575,000
- 728 Plenty Road, Reservoir: $600,000 - $625,000

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread 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.

Inspections

Explore the area

School catchments

Holy Name School Primary Prep-6 Catholic 0.15km
Preston Primary School Primary Prep-6 Government 0.63km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 0.95km
Reservoir East Primary School Primary Prep-6 Government 0.99km
Preston North East Primary School Primary Prep-6 Government 1.2km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 1.3km
Reservoir High School Secondary 7-12 Government 1.4km
Northern College of the Arts and Technology Secondary 10-12 Government 1.4km
East Preston Islamic College Combined Prep-12 Independent 1.6km
Preston High School Secondary 7-12 Government 1.6km
St Gabriel's School Primary Prep-6 Catholic 1.7km
SEDA College (Victoria) - AFL- Preston Secondary Independent 1.9km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 1.9km
Parade College - Preston Campus Secondary Catholic 2.0km
St Stephen's School Primary Catholic 2.0km
Sacred Heart School Primary Prep-6 Catholic 2.1km
Preston West Primary School Primary Prep-6 Government 2.1km
Reservoir Primary School Primary Prep-6 Government 2.2km
Preston South Primary School Primary Prep-6 Government 2.2km
St Raphael's School Primary Prep-6 Catholic 2.2km
Our Lady of the Way School Primary Prep-6 Catholic 2.2km
Kingsbury Primary School Primary Prep-6 Government 2.3km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 2.4km
St John's College Preston Combined Prep-12 Independent 2.4km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 2.5km
Thornbury High School Secondary 7-12 Government 3.1km
Virtual School Victoria Combined Prep-12 Government 3.7km
Charles La Trobe P-12 College Combined Prep-12 Government 3.7km

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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