SOLD by Miles Real Estate.
An outstanding re-development opportunity just waiting for the stroke of an architectural pencil. This site has all the essentials for
a state-of-the-art Commercial/Residential building (STCA). The corner site offers a wide frontage, with tram at the door to La Trobe University. Northland Shopping Centre, with Bundoora shopping close by. Currently used as a panel beater with spray-booth.
Terms: 10% Deposit, Balance 60/90 Days
For further details or to inspect contact:
Tim Mitchell 0417 339 986
Paul Evans 0408 144 181
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 29,018 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:
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