196 Albert St

Reservoir VIC 3073

1220 m²

House

Currently for sale - view listing

Overview

A fantastic 1220sqm site for 10 Townhouses, or the next commercial development.

Presenting 196-198 Albert Street Reservoir, a rare double block opportunity. • Recently approved permit for a boutique luxury development in a sought-after area • Landholding of approximately 1,220 sqm with 2 street frontages under 2 titles • Reservoir is a suburb with high demand and increasing median house prices (source REIV) • Development includes 10 townhouses, predominantly 3-bedroom dwellings • Each townhouse features multiple living spaces and private outdoor areas • Located near Preston & Heidelberg, suburbs with rising median house prices • Close to retail at Preston Northland and amenities in both Reservoir and Preston • Accessible to Preston, Reservoir trains, trams, and buses, and approximately 15 minutes to the CBD • Nearby schools include Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. A childcare centre is located next door The properties are currently tenanted and generating rental income. For investors, builders, and developers, the vendors will provide: • Working Drawings • Structural Engineering & Comps • Drainage Design • LPOD & SDO • Soil Test • 6 Star Energy Rating at the time of settlement