671 Plenty RoadReservoir VIC 3073
Property Details for 671 Plenty Rd, Reservoir
Last Listing description (September 2022)
Ray White Commercial - Preston are pleased to offer 671 Plenty Road, Reservoir (corner Frier Avenue), For Sale Negotiation (price range $660,000 - $720,000). NO GST payable.
Located 12 kms* from the Melbourne CBD, and only a short drive to Preston, Northcote, and Heidelberg with their myriad of shopping, restaurant and caf options, this is certainly a property worth putting on the top of your list.
Positioned in an established retail precinct only minutes from Wood Street, Albert Street and High Street, this corner site offers a flexible Commercial 1 zoning. Its' location only 1.8 kms* from Northland Shopping Centre, which features 330 specialty stores incorporating approximately 96,200 sqm of retail space as well as Summer Hill Shopping Centre and Preston Market, makes this property very desirable indeed.
OPTIONS - Renovate the existing, circa 100 year old building, or redevelop this terrific corner site boasting two street frontages as well of a right of way access.
KEY FEATURES INCLUDE:
- Total land area: 244 sqm*
- Corner position
- 7.2 metre* frontage to Plenty Road
- 29.4 metre* frontage to Frier Avenue
- Favorable Commercial 1 (C1Z) zoning
- Right of Way access with parking for 3 cars
- Gas available
- NO GST payable
LOCATION:
- Tram 86 passes the door
- Tyler Street 80 metres*
- High Street 870 metres*
- Regent train station 1.2 kms *
- Preston train station 2 kms*
- Reservoir train Station 2.5 kms*
- Summer Hill Shopping Centre 1.3 kms*
- Northland Shopping Centre 1.8 kms*
- Preston Market 2 kms*
- Reservoir shopping precinct 2.5 kms*
- Preston Restaurant and caf precinct 1.7 kms*
- Latrobe University precinct 3 kms*
For further information to arrange an inspection please contact Ray White Commercial - Preston.
*Approx.
Property History for 671 Plenty Rd, Reservoir, VIC 3073
- 15 Sep 2022Sold for $630,000
- 05 Aug 2022Listed for Sale SOLD
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 29,021 properties. Over the last 5 years, Houses in Reservoir have seen a 17.66% increase in median value, while Units have seen a 13.54% increase. As at 28 February 2026:
- The median value for Houses in Reservoir is $998,614 while the median value for Units is $646,432.
- Houses have a median rent of $550 while Units have a median rent of $520.
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