2 Merrilands Road,
Reservoir, VIC 3073

Medical & Consulting • Development Sites & Land • Other

Key property information

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Map of 2 Merrilands Road

Directions

HIGH YIELDING RESIDENTIAL INVESTMENT

STRONG MULTI TENANT INVESTMENT
EASY TO MANAGE - 100% OCCUPANCY
ENORMOUS UPSIDE

2 MERRILANDS ROAD, RESERVOIR

* Current Rent: $102,696 p.a (approx.)
* Zoned General Residential Zone 1 (GRZ1)
* Impressive asset with an approximate building area of 299 sqm
* Near new residential boarding facility offering 8 rooms all with ensuites
* Superb landholding of 763 sqm (approx.) which offers significant development upside (STCA)
* The property has enormous flexibility whether you are looking to invest or develop
* Located within the sought after Merrilands Estate - a terrific location close to train Station (200m (approx.) away), buses (50m (approx.) away), schools, shops and parks, as well as easy access to the Ring Road

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 22 JUNE AT 2.00PM

FOR AN IMMEDIATE INSPECTION CALL US TODAY!

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

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