726-728 Plenty Road, Reservoir, VIC 3073 | Commercial for sale | OnTheHouse
FOR SALE
$600,000 - $650,000 & $625,000 - $675,000

726-728 Plenty Road
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 140m2
Land area: 446m2
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BUY ONE OR BUY BOTH - OCCUPY, INVEST OR RE DEVELOP

- Two shops on separate titles with a combined Plenty Road frontage of 12.2 metres*
- Potential for a mixed-use commercial/apartment, rooming house or student accommodation development over multiple levels (STCA)
- 726 Plenty Road building area of 50 sqm* on land area of 223 sqm*
- 728 Plenty Road building area of 90 sqm* on land area of 223 sqm*
- 728 Plenty Road has a month-to-month overholding tenancy with the tenant willing to commit to a long term lease if purchased by an investor
- Rear access to on site parking with a garage facility at number 726
- Rear access to on site parking at number 728
- The properties are eligible for Self Managed Super Fund (SMSF) LRBA Borrowing
- Tax effective investment opportunity with the Negative Gearing option available for investors
- Flexible Commercial One Zoning
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Property Details for 726-728 Plenty Rd, Reservoir

Building Type
Commercial
Floor Size
140m2
Land Size
446m2
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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 29,145 properties. Over the last 5 years, Houses in Reservoir have seen a -3.25% decrease in median value, while Units have seen a 9.27% increase. As at 31 August 2026:

  • The median value for Houses in Reservoir is $936,038 while the median value for Units is $652,602.
  • Houses have a median rent of $600 while Units have a median rent of $540.
There are currently 119 properties listed for sale, and 90 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1136 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Mitch Kalpakis
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John Kalpakis
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.