Stonebridge Property Group is pleased to present for sale the Corner of Barwon Avenue & North Road, Reservoir, a 1,261 sqm* permit approved corner landholding.
The landholding provides an opportunity for a childcare, townhouse, dwellings and medical centre development outcome (STPA) in close proximity to Summerhill Shopping Centre (425 m*).
The key highlights of the opportunity include:
- 1,261 sqm* corner vacant landholding with 66 m* frontage to Barwon Avenue and North Road
- Opportunity for a childcare, townhouse, dwellings and medical centre development outcome (STPA)
- Currently permit approved for a 100-place childcare centre
- Reservoir median house price, $922,000, has grown 4.03% p.a. over the past 3 years, whilst Metropolitan Melbourne has experienced negative growth of -0.61% during the same period
- Surrounded by an abundance of retail and lifestyle amenity, including the Coles, Aldi and Kmart anchored Summerhill Shopping Centre (425 m*); Chemist Warehouse anchored Reservoir Central Shopping Centre (385 m*); and Reservoir Leisure Centre (650 m*)
- Excellent education options nearby, including immediate proximity to Reservoir East Primary School (125 m*)
- Direct CBD and Greater Melbourne transportation access through Reservoir Train Station (1.5 km*), tram line 86 (300 m*) and bus route 566 (on the doorstep of the property)
Corner Barwon Avenue & North Road, Reservoir is offered for sale via Expressions of Interest closing Thursday 2nd May 2024 at 2PM (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Andrew Milligan
0421 559 992
Julian White
0422 764 137
Chao Zhang
0411 625 068
^ REIV
* Approximately
Property Code: 926
