FOR SALE
$2,000,000-$2,100,000 Negotiable

30-32 Clingin Street
Reservoir VIC 3073

Bedrooms: 8
Bathrooms: 2
Car spaces: 4
Land area: 1159m2
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Prime Development Opportunity: Approved Plans for 9 Contemporary Townhouses on Expansive 1159 sqm Land

If you're eager to embark on your next development project, look no further – these two properties mark the culmination of your search. Situated on a substantial land parcel spanning 1159 sqm (approx.), this combined offering comes with approved plans and permits for 9 triple-storey townhouses.
Seize the opportunity to commence construction and capitalize on the growth and demand prevalent in this central location. Benefiting from close proximity to Northland Shopping Centre, schools, parklands, public transport, and local shopping, these properties are strategically positioned.
The proposed townhouses, designed in a contemporary triple-storey style, boast 3 to 4 bedrooms each, featuring open-plan living spaces, designated family areas, and easily maintainable courtyard gardens. Currently leased, the two existing dwellings not only present an ideal development opportunity but also serve as a lucrative investment.
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Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 30-32 Clingin St, Reservoir

30-32 Clingin St, Reservoir is a 8 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1159m2. The place is currently for sale with Harcourts First.

Building Type
House
Land Size
1159m2

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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 28,244 properties.

    There are currently 179 properties listed for sale, and 65 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1069 properties were sold in the past 12 months in Reservoir.

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    Miles Chen
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