FOR SALE
$725,000 - $795,000

645 & 645a Gilbert Road
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 377m2
Land area: 465m2
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Prime Commercial Opportunity!

Located in the thriving suburb of Reservoir, this property on Gilbert Road on a 465m² allotment presents an outstanding opportunity with two shops and leased to two excellent tenants with options up to 8 years currently occupying them! Perfect for anyone who just wants to collect the rents.
Reservoir is known for its vibrant community and dynamic local economy, offering a perfect blend of residential and commercial environments. The property is within close proximity to essential amenities and public transport options, ensuring convenience for the occupying tenants and their respective clients.
Nearby landmarks include the picturesque Edwardes Lake Park, providing a serene escape, and the bustling Reservoir Village shopping precinct, which features a diverse selection of shops and services. The area is also well-served by public transport, including the Reservoir train station and multiple bus routes, making commuting a breeze.
Don't miss out on this exceptional commercial opportunity with residential upside in one of Reservoir's most sought-after locations.
Contact Lewis Realty today to secure your future financial returns on Gilbert Road.

Property Details for 645 & 645a Gilbert Rd, Reservoir

Building Type
Commercial
Floor Size
377m2
Land Size
465m2

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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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