1-6/667 Plenty Road,
Reservoir, VIC 3073

Other

Key property information

Floor area

Car spaces

Parking info

Property extent

Tenure type

Sold on

Map of 1-6/667 Plenty Road

Directions

ULTIMATE INVESTMENT OPPORTUNITY!

A vibrant commercial hub just north of Preston’s border finds this outstanding residential/commercial complex offering excellent returns, solid growth prospects and potential for further development. Commercial 1 zoned, the property’s appeal is underscored by a ground-level office (3x3x3 lease) with quality staff amenities, private courtyard and two-car garage via ROW – plus approved planning permit for a second-storey office extension. Upstairs: five apartments (two single-level studios and three 1BR townhouses) – each with a stylish bathroom, open living/meals area, stone-bench kitchen, split-system heating/cooling and north-facing balcony. Separately titled, all six properties provide a gross income potential of approx $96K per annum. Trams out front, close to schools and Latrobe University, cafes and shopping precincts – what an opportunity!
Total Floor Area: approx. 470m2 (Ground floor: 212m2, First floor: 258m2)

Open for Inspections:
Thurs 12th Nov at 5.00pm-5.30pm
Sat 14th Nov at 9.30-10.00am
Wed 18th Nov at 5.00-5.30pm
Sat 21st Nov 10.30-11.00am

For further information please contact Joe Horton 0421 128 0... or Truc Nguyen 0402 912 238

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

04211280...