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Active

751 Plenty Road

Reservoir VIC 3073

3
2
1
724 m²
House
Currently for sale - view listing

Overview

Approved Town Planning Multi-Residential Development

Jake Popalis proudly presents ... Opportunities of meaningful scale with genuine development readiness are often difficult to secure. This substantial holding of approximately 724 sqm presents a considered and strategic prospect for those seeking to create lasting value through well-planned redevelopment. The existing dwelling on site is slated for removal, clearing the way for redevelopment. Importantly, town planning approved plans and permits are already in place for the construction of two contemporary townhouses and nine well-designed apartments, providing a streamlined pathway to deliver a thoughtfully planned multi-residential outcome. Townhouse 1 - Conventional Living - 2 Bed - 2 Bath - 1 Car Townhouse 1 - Reverse Living - 2 Bed - 2 Bath - 1 Car Apartment 1 - 2 Bed - 1 Bath - 1 Car Apartment 2 - 2 Bed - 1 Bath - 1 Car Apartment 3 - 1 Bed - 1 Bath - 1 Car Apartment 4 - 1 Bed - 1 Bath - 1 Car Apartment 5 - 2 Bed - 1 Bath - 1 Car Apartment 6 - 2 Bed - 1 Bath - 1 Car Apartment 7 - 1 Bed - 1 Bath Apartment 8 - 1 Bed - 1 Bath Apartment 9 - 2 Bed - 1 Bath - 1 Car With groundwork complete and approvals secured, this development opportunity significantly reduces holding risk and planning uncertainty. Whether you are expanding your portfolio or undertaking your next boutique project, this offering combines scale, town planning approval certainty, and exceptional future potential in one strategic acquisition. Highlights : Approximately 724sqm landholding Existing dwelling slated for removal Plans and permits secured Two townhomes and nine apartments approved Streamlined pathway to construction Reduced holding and planning risk Ideal for developers and investors Excellent local connections Minutes to Reservoir Train Station All property information has been provided to Ray White by third parties. While Ray White strives for accuracy, we have not verified this information and do not guarantee its accuracy or completeness. Interested parties should conduct their own inquiries regarding this property.

Features

3 bedrooms
2 bathrooms
1 carspace
1 open car space
724 m² lot size
House

Property history for 751 Plenty Road

2022
Sold
$1,050,000
18 Oct 2022 by Josie Galati, of hockingstuart Preston

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 3 bedroom houses in Reservoir

In the last 12 months, 287 three-bedroom houses similar to 751 Plenty Road, have been sold.

This represents a 17% increase in three-bedroom houses sales when compared to the previous 12 months.

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