38 Johnson Street, Reservoir, VIC 3073

Auction

$600,000-$650,000

Thriving Opportunity To Develop!

Scope to follow the lead of other entrepreneurs & Builders and transform this piece of land into a pre approved dream project of 4 appartments consisting 2bed & 1bath assisted with carpark & comprehending storage space.

Approved Plans & Permit For:

Ground Floor Shop with Carpark

Unit 1: 2 bed+1bath+1carpark

Unit 2: 2 bed+1bath+1carpark

Unit 3: 2 bed+1bath+1carpark

Unit 4: 2 bed+1bath+1carpark

Only stone throw away from Keon Park train station, bus services and the Cappella Apartments complex, this perfectly positioned project has lot to offer for its rightful owner.

Well masterly planned appartments in this promised location has lot of potential and growth in this era of boosting real estate. This Opportunity if for your to grab before its gone.

Due diligence checklist – http://www.consumer.vic.gov.au/duediligencechecklist

Material Facts – please refer to the contract of sale and vendor statement for any/all material facts.

This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information.

TenantedNo
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Area Sales Manager
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Director / OIEC / CEA(REIV)

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Auction:
  • Sat June 26 at 11:30AM
Property Info:
  • Property ID: L10040153
  • Property Type: Land/Development
  • Land Area: 242.0 sqm
We Know Your Area
R&H Suburb Profile: Reservoir

R&H Suburb Summary Houses
Number of sales 365
Average Price $842,719
Median Price $830,000
Median Rental Price $400 p.w.
Change in Rental Rate (5yr) 14 %
R&H Suburb Summary Units
Number of sales 289
Average Price $565,782
Median Price $580,000
Median Rental Price $370 p.w.
Change in Rental Rate (5yr) 16 %
Reservoir, VIC - Median Trend
$830,000