38 Johnson StreetReservoir VIC 3073
Property Details for 38 Johnson St, Reservoir
Last Listing description (November 2023)
On offer is a rare opportunity to acquire a mixed-use development site with approved plans, permits and additional reports already completed.
Superbly located in the heart of the Johnson Street shopping precinct and just a short walk to Keon Park train station, this 234m2 approx. allotment provides an opportunity for builders and developers to capitalize and transform this piece of land into a boutique mixed use development consisting of a commercial shopfront with storage area and four generous 2-bedroom, 1-bathroom apartments with onsite parking.
Approved Plans & Permits For:
Unit 1: 2 bedroom + 1 bathroom + 1 car park
Unit 2: 2 bedroom + 1 bathroom + 1 car park
Unit 3: 2 bedroom + 1 bathroom + 1 car park
Unit 4: 2 bedroom + 1 bathroom + 1 car park
Key Highlights:
+ Stamped and approved plans, permits and additional reports
+ Excellent exposure; prime 6m frontage
+ Option to lease or sell once completed
+ prominent visibility with rear vehicle access.
+ Favorable Commercial Zone 1 (CZ1)
+ Surrounded by an abundance of amenities and public car parking
For further information and/or to view the plans or arrange a private inspection, please contact the exclusive listing agents.
Property History for 38 Johnson St, Reservoir, VIC 3073
- 16 Oct 2023Listed for Sale Price on Application
- 15 May 2023Sold for $620,000
- 23 Mar 2023Listed for Sale $560,000 - $615,000
Recent sales nearby
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About 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 29,025 properties. Over the last 5 years, Houses in Reservoir have seen a 6.60% increase in median value, while Units have seen a 14.29% increase. As at 30 April 2026:
- The median value for Houses in Reservoir is $968,594 while the median value for Units is $651,866.
- Houses have a median rent of $570 while Units have a median rent of $525.
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