FOR SALE
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263 Spring Street
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 120m2
Land area: 222m2
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Dual Income Investment

This solid brick shop with a two bedroom dwelling offers someone the opportunity to set the foundations for a great future in retail investment.
- Shop of approximately 51sm is currently leased to a hairdresser on a 2year by 2 year by 1year lease, returning $16800 per annum and the rear 2 bedroom dwelling is returning $16680 per annum.
- Rear parking for 2 cars
- Commercial 1 zoning
- Public car park at the rear
- Potential for high density multi storey apartment development
- Central location with the newly re-developed Reservoir railway station.
- Scheduled for Auction on the 23rd of May 2024 at 11.00am.
Call Lars anytime for further information on 0400204636
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Property Details for 263 Spring St, Reservoir

Building Type
Commercial
Floor Size
120m2
Land Size
222m2

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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 28,253 properties.

    There are currently 167 properties listed for sale, and 66 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1046 properties were sold in the past 12 months in Reservoir.

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    Lars Latkoski
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    Raine & Horne Glenroy
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