337 Spring Street,
Reservoir, VIC 3073

Shops & Retail • Offices • Medical & Consulting

Key property information

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Floor area

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Zoning

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Map of 337 Spring Street

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INVEST OCCUPY OR REDEVELOP - SHOP WITH RESIDENCE

NO GST PAYABLE
HIGH STREET EXPOSURE
SHOP, OFFICE, MEDICAL (STCA)

- Solid brick shop with self-contained residence brilliantly positioned opposite the new Reservoir Train Station
- Superb location only a short stroll to Coles, banks, Post Office and all the popular shops and cafes in Edwardes Street
- The shop of 60sqm (approx) has been a well-established hair salon business run by the same family for over 55 years
- The residence at the rear of 90sqm (approx) offers one bedroom, kitchen & meals area, lounge room, bathroom & laundry
- Excellent right of way rear vehicle access
- Land size of 253sqm approx
- Frontage of 5.8 metres
- Zoned Commercial One
- The options are endless:
- Live in the residence and lease out the shop
- Conduct your business from the shop and live in the residence
- Conduct your business from the shop and lease out the residence
- Lease out the shop and residence to one tenant or lease them separately
- Redevelop as mixed-use multi level commercial/residential development (STCA)
- Potential commercial uses include but are not limited to shop, office, medical consulting (STCA)

- PLEASE NOTE NO GST IS PAYABLE ON THE PURCHASE OF THIS PROPERTY

Additional information

External websites

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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

Population

$1,541 per week

Median household income

38 years

Median age

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Most residents

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Most households