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
