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Woodards - Northcote Thornbury

111C Spring Street Reservoir, VIC 3073

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111C Spring Street,
Reservoir, VIC 3073

Shops & Retail • Offices • Showrooms & Large Format Retail

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Woodards - Northcote Thornbury
Mario Lionetti

Woodards - Northcote Thornbury

460 High Street
NORTHCOTE, VIC 3070
04183193...
Woodards - Northcote Thornbury
111C Spring Street
Reservoir, VIC 3073

Map of 111C Spring Street

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Double storey investment in a flourishing village locale

A great opportunity exists to acquire this modern retail space with main road exposure and attached residence in an upcoming inner north shopping village. Customer parking in front and a rear ROW leading to a large, lock-up garage make this a smart and appealing commercial investment.

Includes kitchen, bathroom facilities, downstairs living or office space, three upstairs bedrooms/offices and large retail area space of approximately 45m2. This ideal investment is currently on a periodic lease at $1583.34 per calendar month. The space is suitable for a shop/restaurant/cafe/office (STCA) in this prime Regent location, a short walk from the train station in a setting ripe for new foodie hotspots and innovative retail offerings.

This asset represents a great opportunity to acquire a multi-faceted double storey building located in the heart of burgeoning Reservoir with its growing population focussed on amenities and lifestyle destinations. Transport easily connects this site to its neighbouring suburbs and communities.

Located on busy Spring Street in the coveted Regent pocket, this potential-rich 226 sqm (approx.) will appeal to the savvy investor looking for a secure inner-urban business with an attached residence.

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

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