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Unique Shop / Dwelling Opportunity with Main Road Exposure & Upside | Occupy, Invest or Develop (STCA)!

684 High Street, Reservoir VIC 3073

Sold

RetailSize: n/a
Block size: 205 m² approx.
Ray White Commercial is delighted to present to market 684 High Street, Reservoir. This is a rare opportunity to acquire a quality piece of commercial real estate in a market starved of such a unique and quality opportunity. The property is being offered with vacant possession and is not subject to GST.  

What makes this offering all the more exciting is that the property benefits from high exposure to High Street, is located 200m* from Regent Station, 1km* from the Preston Market and surrounded by many well known national retailers including Woolworths, Aldi, Chemist Warehouse, Holden, Nissan & Toyota just to name a few. Northland Shopping Centre is also 2.3km* East with La Trobe University 4km* away.

This exceptional property, with a building area of 127m2* has been converted into a residence with great attention to detail however it can easily be returned to a shop or office. It also benefits from fantastic scope for future development (STCA) aided not only by the R.O.W, but also its valuable mixed use zoning (MUZ).

There is on-site parking on the rear as well as a large courtyard which can be used to increase the parking capacity with the added potential to extend the current building (STCA). There is also the flexibility of seamlessly splitting the property into two separate tenancies ensuring separate income streams thus making it an ideal and versatile investment for any savvy investor!

Property Details:

• Total land area | 205m2 approx
• Total building area | 127m2 approx
• Potential to be split into two separate tenancies
• Amenities include 2x toilets, shower, kitchen with appliances & laundry
• 200m* from Regent Station & 1km* from both Preston Station & Preston Market
• Surrounded by well known major retailers including: Woolworths, Aldi, Chemist Warehouse, F45, Avis, Toyota, Nissan, Holden, Hyundai & Europcar amongst others
• Future Development Upside (STCA) with R.O.W
• Vacant Possession
• Mixed Use Zone (MUZ)
• NO GST PAYABLE

Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

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Key details

Property Type:Retail
Block Size:205 *
*These are approximate values based on available information.
Ray White Oakleigh Commercial

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Block information
Block size: 205 (approx)
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
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Suburb and property insights

Median salesMedian sales
 
Average Age
38 years
Population
50,474
Reservoir's Property Profile
Reservoir's Occupancy

Contact agents

Ray White Oakleigh Commercial

Ray White Oakleigh Commercial

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Theo KarkanisRay White Oakleigh Commercial
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Listing ID: 178715219. This listing has been viewed 9 times. It was first displayed on 16/09/2020 and last updated on 23/10/2020.