659 Plenty Road, Reservoir, VIC 3073 | Commercial for sale | OnTheHouse
 
FOR SALE
$510,000 - $560,000 EXCL GST - Open: Fri 1.45pm

659 Plenty Road
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 50m2
Land area: 220m2
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Versatile Business Opportunity with Prime Frontage and Tram Access

Looking to establish your business or expand your investment portfolio? This versatile commercial property on the border of Reservoir and Preston offers an exciting opportunity.
Under the 2026 federal negative gearing reforms, commercial property remains outside the residential-specific restrictions, allowing eligible investors to continue offsetting deductible rental losses against other taxable income. Purchasing through a self-managed super fund also remains an option, with borrowing permitted for qualifying business real property through a compliant limited recourse borrowing arrangement. Benefits depend on your circumstances, so seek independent advice.
With prominent Plenty Road frontage and a Route 86 tram stop directly outside, this property combines excellent exposure with convenient access.
Set on approximately 220 square metres of land, it features around 50 square metres of shop space, a kitchenette and toilet, plus a spacious rear yard and undercover area. Rear laneway access provides parking for up to four cars.
Whether you're considering retail, storage or another business venture, the flexible layout offers scope to bring your vision to life, subject to relevant approvals.
Land size: 220sqm
Floor Area: 50sqm
Deposit: 10% of the purchase price
Settlement Preference: 30/60 days

Property Details for 659 Plenty Rd, Reservoir

Building Type
Commercial
Floor Size
50m2
Land Size
220m2
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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. There are 45 parks, covering nearly 8.8% of the total area. The population of Reservoir in 2016 was 50474 people. By 2021 the population was 51096 showing a population growth of 1.2% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation.In 2021, 59.90% of the homes in Reservoir were owner-occupied compared with 59.30% in 2016.

Reservoir has 29,136 properties. Over the last 5 years, Houses in Reservoir have seen a -6.63% decrease in median value, while Units have seen a 7.34% increase. As at 30 September 2026:

  • The median value for Houses in Reservoir is $938,053 while the median value for Units is $644,848.
  • Houses have a median rent of $600 while Units have a median rent of $540.
There are currently 142 properties listed for sale, and 81 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1125 properties were sold in the past 12 months in Reservoir.

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Sumayyah Cocaj
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Russell Adams
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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