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Reservoir 915 High Street

854 m2

Development Site with Approved Plans and Permits

854 m2
Sold for: $1,800,000

Zoned Commercial 1

Situated on a generous corner allotment of 854m2, this rare opportunity comes with approved plans and permits for a 4 storey mixed-use development comprising of:

- 2 x large commercial/restaurant tenancies;

- 10 x three bedroom townhomes of house-like proportions; and

- Plenty of onsite parking.

Each townhome features 3 generously sized bedrooms (all with robes) and 2 bathrooms and onsite secured parking. The open-plan living and dining area along with the full-width terrace creates a space perfect for the entertainer or growing families. The 3 bedrooms spaced across 2 levels provides a great sense of privacy, with the top-floor master bedroom also providing beautiful skyline views.

In addition, 2 commercial/restaurant premises located on the ground floor benefit from unrivalled exposure to vehicle and foot traffic along High Street. Both premises are incredibly spacious with an internal floor area of 186m2 and 221m2 and onsite parking and provide flexibility for various uses including as a restaurant, cafe, office, supermarket and many other options.

The site is conveniently located within a few minutes walk from the newly-upgraded Reservoir Station, Edward Street and Broadway shops (including Coles and IGA) and only moments away from other key amenities including Ruthven Station, Preston Market and Northland Shopping Centre. Prime investment opportunities such as these are rare and not to be missed!

A range of documents including architectural plans, approved permits and several other consultant reports are available upon request.

For further information or to request for the relevant documents, please contact Abraham Kalamouni 0400 506 219 or Joe Ledda 0418 176 858 of Hocking Stuart Preston.

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