Nelson Alexander Commercial are delighted to offer For Private Sale this permit approved site in popular Reservoir. The corner site currently has plans and permit for a 3 storey medical facility with 1,601m2 of Net Lettable Area (NLA) plus parking. Alternatively the flexible 855m2 Commercial 1 (C1) landholding could accommodate a residential development (with a previous 4 level permit in place) or hospitality / fast food outlet (with KFC located on the opposite corner). Whatever your vision might be there are plenty of options with this versatile and flexible corner site.
The site boasts a prime location, just a short walk from the newly upgraded Reservoir Station, Edwardes Street, and Broadway shops, including Coles and IGA. It's also only moments away from other key amenities like Ruthven Station, Preston Market, and Northland Shopping Centre. Investment opportunities like this are rare and not to be missed! This is a fantastic opportunity in a prime location that we highly recommend.
Property Features:
Zoned Commercial 1 (C1)
Land Area 855m2 (approx.)
Prime Reservoir Location
Plans & Permit Approved (Endorsed by Council)
Versatile Corner Location
Current permit approved for 3 storey medical facility
Net Lettable Area (NLA) of 1,601m2 (approx.)
Previous permit approved for a 4 storey residential development
10 x 3 bedroom townhouses plus 2 x large retail tenancies
Flexible 855m2 Commercial 1 Landholding
The corner block is flat making it a straightforward development site
Could also suit fast food, hospitality, childcare, showroom, retail and other uses (STCA)
Just a short walk to the newly upgraded Reservoir Station
The shopping strips of Edwardes Street and Broadway are a short stroll away including Coles and IGA
Close to all public transport including the Western Ring Road
This is a fantastic opportunity in a prime location that we highly recommend
For all property enquiries or to request a copy of the architectural plans and permit please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
