34 George StreetReservoir VIC 3073
Property Details for 34 George St, Reservoir
Last Listing description (May 2023)
Burgess Rawson is pleased to offer to the market a landmark occupation / development opportunity in Reservoir VIC for sale via Expressions of Interest.
EOI CLOSED - OFFERS UNDER REVIEW
+ Large scale townhouse development potential surrounded by precedent.
+ General Residential Zone 2 allowing significant development potential and opportunity for townhouses, childcare, place of assembly / place of worship.
+ Significant combined 800sqm* buildings with re-purposing potential to suit an array of users
+ Gateway position to Melbourne's rapidly expanding Northern Growth Corridor, moments from recently upgraded Reservoir Station.
+ Excellent access to High Street (800m*), Bell Street (3.6km*) and Western Ring Road (4.1km*).
+ Prominently positioned within 300m of Reservoir Junction, boasting national retailers including Coles, IGA, CBA, Domino's, Crust, all surrounding Reservoir Train Station.
+ Just 3.3km from retail epicentre Northland Shopping Centre, anchored by Woolworths, Coles, Aldi, Myer, Target and Kmart with over 240 specialty stores.**
+ Reservoir: population forecast to grow 22.7% to 65,803 residents by 2041.***
+ City of Darebin: booming metropolitan municipality, with population forecast to grow 44% to 230,118 residents by 2041.***
To be sold via Expressions of Interest
Closing 5th April 2023
3:00pm AEDT
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx
**Vicinity
***Forecast.id
Property History for 34 George St, Reservoir, VIC 3073
- 02 Aug 2025Sold for $3,630,000
- 26 Apr 2023Sold for $3,630,000
- 27 Feb 2023Listed for Sale Price on Request
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0About Reservoir 3073
The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of 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 28,942 properties. Over the last 5 years, Houses in Reservoir have seen a 19.99% increase in median value, while Units have seen a 15.48% increase. As at 30 November 2025:
- The median value for Houses in Reservoir is $970,763 while the median value for Units is $639,892.
- Houses have a median rent of $550 while Units have a median rent of $510.
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