Share this property

realcommercial.com.au
Nelson Alexander Commercial - FITZROY

1-5, 93 Barton Street Reservoir, VIC 3073

Directions

1-5, 93 Barton Street,
Reservoir, VIC 3073

Development Sites & Land

Detailed listing

Key property information

Land area

Floor area

Sold on

Nelson Alexander Commercial - FITZROY
Rick Daniel

Nelson Alexander Commercial - FITZROY

187 Gertrude St
FITZROY, VIC 3065
04097379...
Nelson Alexander Commercial - FITZROY
1-5, 93 Barton Street
Reservoir, VIC 3073

Detailed listing

Map of 1-5, 93 Barton Street

Directions

Block of Five: Instant Returns & Growth Potential in Premium Location!

Smart investing at its finest: presenting a rare golden opportunity to secure a well-maintained boutique block of five villa units, in an in-demand address surrounded by local convenience, footsteps from Edward Park Lake, train stations and shops. All units are securely leased with a total annual return of approx. $76,044 per annum ($6337pcm). While offering plenty scope to add value through renovation, resale and rent increases, each apartment currently comprises:

- Two spacious bedrooms with BIRs
- Well-equipped kitchen/meals with gas appliances
- Spacious living room
- Central bathroom with shower and bath – separate WC
- Separate laundry
- Secure off-street parking for one car on title
- Split system heating/cooling

Superbly positioned walking distance to popular Edwardes Park Lake recreation, Edwardes Street shops and cafes, newly revamped Reservoir train station, primary schools, parklands, easy freeway access and only 13km into the heart of the CBD. With strong demand for quality rental properties in this community-minded area, investors seeking to boost portfolios with instant returns and outstanding future growth will quickly recognize the immense potential on offer - sure to impress and certainly not to be missed!

Reservoir, 3073 demographic data

The median household income for Reservoir is $1,541, 19% lower than Greater Melbourne's household income of $1,901. Reservoir has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 47% of property owners in Reservoir have a mortgage.

51,096
Population
$1,541 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households

More properties from Nelson Alexander Commercial - FITZROY

Other properties you might be interested in based on the location and property type you are looking at.