111C Spring Street, reservoir
Double storey investment in a flourishing village locale
A great opportunity exists to acquire this modern retail space with main road exposure and attached residence in an upcoming inner north shopping village. Customer parking in front and a rear ROW leading to a large, lock-up garage make this a smart and appealing commercial investment.
Includes kitchen, bathroom facilities, downstairs living or office space, three upstairs bedrooms/offices and large retail area space of approximately 45m2. This ideal investment is currently on a periodic lease at $1583.34 per calendar month. The space is suitable for a shop/restaurant/cafe/office (STCA) in this prime Regent location, a short walk from the train station in a setting ripe for new foodie hotspots and innovative retail offerings.
This asset represents a great opportunity to acquire a multi-faceted double storey building located in the heart of burgeoning Reservoir with its growing population focussed on amenities and lifestyle destinations. Transport easily connects this site to its neighbouring suburbs and communities.
Located on busy Spring Street in the coveted Regent pocket, this potential-rich 226 sqm (approx.) will appeal to the savvy investor looking for a secure inner-urban business with an attached residence.
Recent Sales in reservoirSales Data supplied by REIV
|Address||Bedrooms||Price||Property Type||Sale Type|
|3/99 Barton St, reservoir||2||Unit||Auction Sale|
|1/34 Drysdale St, reservoir||2||Townhouse (Res)||Private Sale|
|27 Evans Cr, reservoir||3||Townhouse (Res)||Private Sale|
Suburb Profile reservoir
Reservoir is 12 km north of Melbourne's CBD. Edwardes Street and Broadway contain many well established and iconic businesses, providing great old-fashioned customer service and old-world charm. Diversity is the foundation of Reservoir. Post World War II saw Reservoir’s population boom attracting new Italian and Greek migrants. Over the years, its diversity has grown to include new Lebanese, Macedonian, Indian and Chinese residents. Reservoir station is a hub for the major bus routes in the City, and two trams run through the suburb. Reservoir features Edwardes Lake Park, Reservoir Private Hospital and Darebin Community Sports Stadium.More about this suburb