915 High Street
Reservoir, VIC 3073

This prime corner site in Reservoir is offered for private sale, presenting a unique opportunity for commercial development in a highly sought-after location. The site is permit approved, with plans for a three-storey medical facility boasting approximately 1,601 square meters of Net Lettable Area (NLA) plus parking, making it an ideal investment for healthcare providers or commercial enterprises.

The flexible 855 square meter Commercial 1 (C1) zoned landholding also offers potential for alternative developments. Previous permits have allowed for a four-level residential development, including ten three-bedroom townhouses and two large retail tenancies, showcasing the versatility of this site. Additionally, the location is suitable for hospitality, fast food outlets, childcare centers, showrooms, retail, and other commercial uses, subject to council approval.

Situated just a short walk from the newly upgraded Reservoir Station, the site benefits from excellent public transport connectivity. Nearby shopping strips on Edwardes Street and Broadway provide convenient access to major supermarkets such as Coles and IGA. Other key amenities including Ruthven Station, Preston Market, and Northland Shopping Centre are also within easy reach, enhancing the appeal for future occupants or tenants.

The corner block is flat, simplifying the development process and reducing construction complexities. Its strategic position opposite a KFC outlet adds to the commercial viability of the site, attracting significant foot traffic and visibility.

Key features of the property include:

• Zoned Commercial 1 (C1)
• Land area of approximately 855 square meters
• Permit approved plans for a three-storey medical facility with 1,601 square meters of NLA
• Previous permit for a four-storey residential development comprising ten three-bedroom townhouses and two retail tenancies
• Versatile and flexible corner location suitable for various commercial and residential uses
• Flat corner block facilitating straightforward development
• Proximity to upgraded Reservoir Station and major shopping strips
• Close to public transport including the Western Ring Road

This is a rare investment opportunity in a prime location, offering significant potential for developers and investors alike. The site’s flexibility and approved permits provide a strong foundation for a range of development possibilities, making it a highly recommended prospect for those seeking to capitalize on Reservoir’s growing commercial and residential market.

For further information or to request architectural plans and permits, interested parties are encouraged to contact the exclusive selling agents.