256 Broadway Reservoir VIC 3073
Property Details for 256 Broadway, Reservoir
Last Listing description (September 2023)
Outstanding investment opportunity. Brick shop last used as, offices, potential rental return of approx. $35,000 per annum plus all outgoings. Situated in the heart of Reservoir strip shopping center. Modern well-fitted clean shop including reception area, large open plan office plus 2 private offices, kitchen facilities, bathroom, 2 toilets, 2 under cover car spaces with remote controlled door. Includes Refrigerated air conditioner, 4 split system air conditioners. Land 225m2 approx. Zoned Commercial 1. to arrange your private inspection, call Lars 0400 204 636 or Ray 0400 170170.
Property History for 256 Broadway, Reservoir, VIC 3073
- 30 Jul 2024Sold for $915,000
- 06 Sep 2022Listed for Sale Contact Agent
- 05 Jul 2012Listed for Rent - Price not available
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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 28,582 properties. Over the last 5 years, Houses in Reservoir have seen a 18.33% increase in median value, while Units have seen a 18.50% increase. As at 31 October 2024:
- The median value for Houses in Reservoir is $914,960 while the median value for Units is $603,893.
- Houses have a median rent of $530 while Units have a median rent of $500.
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