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Reservoir, 1/1 Station Street

A great 'mixed use zoning' opportunity.

Sold for $450,000

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Listing Number: VPT3342
About this listing
- This block comprises four single story two bedroom units.
- Located on the Preston / Reservoir border known as Regent.
- Each unit is separately titled (strata), each with on-site car parking.
- Each unit has 2 bedrooms, an open kitchen/living area, its own courtyard, separate bathroom and an under-cover car space at the rear of the block.
- Securely leased in a high demand area, returning over $52,000 per year before expenses (rates, water etc).
- Approx land area of 614 sqm
- Dual laneway access, up one side of the block and along the rear.
- Located within metres of Regent train station, walking distance to High St shops, Preston Market, Woolworths and other amenities often sought after by astute buyers.
Enormous potential for redevelopment, this 'mixed use' zoned property lends itself to many opportunities.
*Redevelop the site (STCA). Explore the height allowances and reap the rewards.
*Renovate and maximise your rental return.
*Hold in Super Fund or with other family members and rent as is.
*Renovate each unit and sell off individually.
What ever you choose to do, the rewards could be fantastic.

Property Information
  • Property Type: Unit, House, Block of units
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Contact Details

Harcourts Preston

647 High Street
Preston
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