NSL Property Group is pleased to present 7 Parer Street Reservoir For Sale via an Expressions of Interest campaign closing Thursday 21st December at 3pm (unless sold prior).
This inner north investment sits within a premier commercial precinct and is ripe for further upside.
Positioned in an established and exclusive precinct of Reservoir close to the City Link and Western Ring Road interchanges, the property offers flexible Industrial 1 Zoning.
Key Features include:
Total Land Area: 638sqm
Total Building Area: 465 sqm
Securely Leased to a National Brand, F45 Gym
Rental Upside Available
Three (3) Car Spaces On Title
Occupy, Invest or Develop (STCA)
Available Now
For further information on this asset or to discuss your Reservoir property requirements contact NSL Property Group:
Guy Naselli 0413750744
Jerry Lee 0458 823 340
Property Code: 186
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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