196 Albert Street

Reservoir VIC 3073

Presenting 196-198 Albert Street Reservoir, a rare double block opportunity. Recently approved permit for a boutique luxury development in a sought-after area Landholding of approximately 1,220 sqm with 2 street frontages under 2 titles Reservoir is a suburb with high demand and increasing median house prices (source REIV) Development includes 10 townhouses, predominantly 3-bedroom dwellings Each townhouse features multiple living spaces and private outdoor areas Located near Preston & Heidelberg, suburbs with rising median house prices Close to retail at Preston Northland and amenities in both Reservoir and Preston Accessible to Preston, Reservoir trains, trams, and buses, and approximately 15 minutes to the CBD Nearby schools include Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. A childcare centre is located next doorThe properties are currently tenanted and generating rental income.For investors, builders, and developers, the vendors will provide: Working Drawings Structural Engineering & Comps Drainage Design LPOD & SDO Soil Test 6 Star Energy Rating at the time of settlement