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Overview
856 High Street, Reservoir 3073
This large residential development site presents an exceptional opportunity for developers and builders, subject to council approval (STCA). Positioned on the corner of High Street and Thackeray Road, the property benefits from excellent rear lane access, enhancing its development potential.
The site is suitable for the construction of units or townhouses, each with their own street frontage, offering flexibility in design and layout. The land measures approximately 838 square meters, with dimensions of 18.35 meters by 45.7 meters, providing ample space for multiple dwellings.
Located within walking distance to Reservoir Station, Broadway, Edwardes Street, and Spring Street shopping precincts, the property offers convenient access to a range of amenities including retail, dining, and public transport options. This makes it an attractive proposition for future residents seeking both lifestyle and connectivity.
Importantly, the land is free from easements or covenants, simplifying the development process. It is zoned General Residential – Schedule 2 (GRZ2), which supports medium density residential development, subject to council guidelines and approvals.
This is a rare opportunity to secure a corner development site in a well-established suburb with strong demand for quality housing. Interested parties are encouraged to consider the potential this site offers for a profitable residential project.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Reservoir VIC 3073
Market Insights for Reservoir VIC 3073
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