FOR SALE
$900,000

218 Broadway
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 190m2
Land area: 221m2
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High Exposure with Dual Income

Seize this exceptional investment opportunity ideally situated in a premier retail strip. This property features a downstairs shop along with an upstairs dwelling which are both separately leased.
Upstairs: Currently leased to a tenant conducting health-related activities, generating an approximate rental income of $20,800.08 per annum.
Downstairs: Rented to a tenant specializing in computer repairs, providing an approximate rental income of $22,571.35 per annum. Both tenants are currently on an overholding basis.
Both levels feature fully equipped bathroom facilities and consulting rooms whilst the ground floor provides access to a generous backyard. A premier location is being offered along with excellent on-street parking and a diverse mix of businesses in a bustling retail strip.
Building Area: Approximately 190 sm2
Land Area: Approximately 221 sm2
Zoning: Commercial 1
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Property Details for 218 Broadway, Reservoir

Building Type
Commercial
Floor Size
190m2
Land Size
221m2

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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Reservoir in 2011 was 47,636 people. By 2016 the population was 50,455 showing a population growth of 5.9% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation. In 2011, 62.5% of the homes in Reservoir were owner-occupied compared with 59.3% in 2016.

Reservoir has 28,217 properties. Over the last 5 years, Houses in Reservoir have seen a 22.36% increase in median value, while Units have seen a 19.72% increase. As at 30 September 2024:

  • The median value for Houses in Reservoir is $917,681 while the median value for Units is $600,755.
  • Houses have a median rent of $530 while Units have a median rent of $490.
There are currently 172 properties listed for sale, and 65 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1020 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Tan Nguyen
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Julian Cannavo
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Ray White Thomastown
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.