17 Reynolds RoadBelmont VIC 3216
Property Details for 17 Reynolds Rd, Belmont
Last Listing description (March 2023)
Colliers is excited to present For Sale 17 Reynolds Road, Belmont. A strategic property with long term upside. A strategic investment opportunity in a thriving location with significant landholding which presents as an investment with long term potential redevelopment.
The property comprises of 2,975 square metres* of building area with approximately 175 car parks* on a total of 15,602 square metres* of mixed use zoned land. The property is strategically located in the growing and ever popular suburb of Belmont, moments from Princes Highway and Waurn Ponds Shopping Centre allowing for easy access to and from the property.
This investment opportunity secured by long leases for the next 20 years with options also allows for future development or value add opportunities to increase the current passing income.
Some of the features of the property are:
- Significant land area of 15,602 square metres*
- Building area of 2,975 square metres*
- Current income of $195,000 per annum*
- Prime Belmont location
- Close proximity to Waurn Ponds Shopping Centre and Deakin University
- 175* car parks onsite
- Zoned Mixed Use
For Sale by Private Auction on Thursday 9th March 2023 at 12pm (AEST)
For more information please contact Colliers agents Ben Young on 0407 296 679 or Chris Nanni on 0438 306 361 or Andrew Lewis on 0418 508 908.
*Approx
Property History for 17 Reynolds Rd, Belmont, VIC 3216
- 03 Feb 2023Listed for Sale Please contact agent
Recent sales nearby
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About Belmont 3216
The size of Belmont is approximately 9.2 square kilometres. It has 31 parks covering nearly 24.7% of total area. The population of Belmont in 2016 was 14054 people. By 2021 the population was 15066 showing a population growth of 7.2% in the area during that time. The predominant age group in Belmont is 20-29 years. Households in Belmont are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation.In 2021, 62.80% of the homes in Belmont were owner-occupied compared with 64.50% in 2016.
Belmont has 8,213 properties. Over the last 5 years, Houses in Belmont have seen a 18.86% increase in median value, while Units have seen a 18.44% increase. As at 31 March 2026:
- The median value for Houses in Belmont is $793,668 while the median value for Units is $536,662.
- Houses have a median rent of $520 while Units have a median rent of $450.
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