57 Johnson StreetReservoir VIC 3073
Property Details for 57 Johnson St, Reservoir
Last Listing description (July 2022)
TWO QUALITY SHOPS - INVESTMENT
Building 1 - 57 Johnson Street
Rare Investment with 10 year lease
Building area: 85 m2 approx.
Leased to a laundromat on a 10 year lease with three year options.
Lease details:
10 years starting 21/6/18
$21,600 pa + GST + outgoings
Two x 5 year options
3% fixed increases
2 months security deposit
Building 2 - 60 Johnson Street,
Building area: 57 m2 approx.
Leased to a real estate firm (Iconek Estate Agents Pty Ltd) on a 2 year lease with three year options
Lease details:
2 years starting 11/6/18
$14,400 pa + GST + outgoings
Three x 3 year options
3% fixed increases
Personal Guarantee
2 months security deposit
COMBINED INCOME: $36,000PA
To arrange an inspection or for further information contact:
John Camilleri 0409 327 120.
Property History for 57 Johnson St, Reservoir, VIC 3073
- 24 Sep 2019Sold for $455,000
- 02 Oct 2018Listed for Sale $489,000.00
- 31 Jan 2018Listed for Rent $23,760 / year
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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 28,998 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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