716A Gilbert Road,
Reservoir, VIC 3073

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Affordable Freehold. The Ideal Investment

Strategically positioned in a popular Village strip, in close proximity to parks, Edwardes Lake and public transport this is a rare opportunity to acquire an outstanding, versatile two-level freehold. This property has great potential and offers a wide variety of options and possibilities. Currently leased as a whole to one tenant, with a sublease in place for the unit
The lower level is currently configured as a news agency with a staff break room an office and a powder room. Enjoying independent access is a kitchen meals and bathroom joined by an internal staircase to a large living room and two bedrooms sharing a second bathroom.

* Income: $18,480 per annum plus GST and outgoings
* Building area: 220m2 approx.
* Land area: 271m2 approx.
* R.O.W at rear to gated parking
* Commercial Zone 1
* Lease in place until November of 2022

Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist

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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

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$1,541 per week

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38 years

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