Back 218 Broadway
Off Market

218 Broadway

Reservoir VIC 3073

4
2
4
Other
Last sold for $742,000
Tan NguyenTan Nguyen, last sold this property on 22 December 2025 after 496 days on market.

Overview

High Exposure on established retail strip

Seize this outstanding investment opportunity in a premier retail strip. This versatile property comprises a ground-floor retail shop and an upstairs dwelling. The downstairs tenancy is currently leased to a computer repair business, generating approximately $22,671.35 per annum, with the lease presently on an overholding basis. The upstairs dwelling is vacant, offering potential for immediate use or further income. Both levels are equipped with bathroom facilities and consulting rooms, while the ground floor also provides access to a generous backyard. Ideally positioned within a thriving retail precinct, the property enjoys excellent on-street parking and is surrounded by a diverse mix of established businesses. The building area is approximately 190m2 set on a land area approximately 221m2, and is zoned Commercial 1.

Features

4 bedrooms
2 bathrooms
4 carspaces
4 open car spaces
Other

Estimated Value

Based on this property and similar 4 bedroom other properties sold in Reservoir over the last 12 months, the estimated median property value of 218 Broadway is $1.07m.

Median value
$1.07m
Estimated value range
$742k - $1.53m
Median days on market
54
Estimated value trend
44%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Reservoir. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 218 Broadway

2025
Sold
$742,000
22 Dec 2025 by Tan Nguyen, of Ray White Thomastown

Happy sellers in Reservoir

88%
88% of sellers in Reservoir reported that their sale price either exceeded or met their price expectations.

Reservoir stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 114 reviews in Reservoir over the last 12 months.

Local market activity for 4 bedroom other properties in Reservoir

In the last 12 months, 8 four-bedroom other properties similar to 218 Broadway, have been sold.

This represents a 800% decrease in four-bedroom other properties sales when compared to the previous 12 months.

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