Overview:
Discover a lucrative investment opportunity with this prime commercial property located at 43 Crevelli Street, Reservoir. Strategically positioned in a highly populated pocket of Reservoir, this property offers exceptional potential for business growth, development, or leasing.
Key Features:
Opportunity Awaits:
Whether you are an investor seeking a strong opportunity, a business owner looking for a strategic location, or a developer aiming to capitalise on Reservoir's growth, 43 Crevelli Street offers an enticing opportunity.
Do not miss out on this rare chance to secure a commercial property in an ever growing Melbourne suburb. Contact us today to arrange a viewing and explore the potential of 43 Crevelli Street, Reservoir.
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 28,268 properties. Over the last 5 years, Houses in Reservoir have seen a 23.70% increase in median value, while Units have seen a 21.16% increase. As at 31 July 2024:
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