Property Details for 724 Plenty Rd, Reservoir
Last Listing description (October 2023)
Secure Blue Chip Tenanted Investment
Nelson Alexander Commercial are delighted to offer For Private Sale this fantastic freehold investment in thriving Plenty Road, Reservoir. Securely leased to a blue-chip dental clinic tenant with an excellent rental return this is a fantastic investment opportunity. With tram and bus stop at the doorstep, ample street parking as well as rear access and parking for 2 cars this is a great investment that we highly recommend.
Key Property Features:
- Zoned Commercial 1 (C1Z)
- Building Area 170m2 (approx.)
- Securely Leased to Well Established Dental Clinic Tenant
- Net Income $50,000 PA
- Front & Rear Access
- Off Street Parking at Rear (2 Cars)
- Bus & Tram Stop at Doorstep
- Directly Opposite to BWS & Rose Shamrock Hotel
- Prime Location with Maximum Street Exposure
For all property enquiries or to arrange an inspection, please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
Property History for 724 Plenty Rd, Reservoir, VIC 3073
- 07 Sep 2023Sold - Price Undisclosed
- 27 Jul 2023Listed for Sale Contact Agent
- 18 Jul 2022Listed for Rent - Price not available
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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 29,021 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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