850 Plenty RoadReservoir VIC 3073
Property Details for 850 Plenty Rd, Reservoir
Last Listing description (October 2023)
Melbourne's most exciting re-positioning Shopping Centre opportunity in over a decade
Substantial Business 1 zoned infill development site of 42,450sqm*
Located within the booming northern corridor of Melbourne, only 12 kilometres* from the Melbourne CBD
Development approval in place for a significant retail/mixed-use development
Existing improvements comprise an older sub-regional shopping centre facility providing $567,298pa* of short term holding income
Public transport infrastructure is highly accessible with a major tram stop positioned directly in front of the subject property on Plenty Road
Significant main trade catchment population of 148,000**, with consistent growth forecast due to increased housing density
For Sale by Public Expressions of Interest closing Thursday 13th September at 3:00pm
Property History for 850 Plenty Rd, Reservoir, VIC 3073
- 13 Feb 2026Sold for $91,000,000
- 21 Jul 2022Listed for Sale Contact Agent
- 09 Nov 2020Listed for Sale SOLD - Price Withheld
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0About 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 29,004 properties. Over the last 5 years, Houses in Reservoir have seen a 4.72% increase in median value, while Units have seen a 12.44% increase. As at 31 May 2026:
- The median value for Houses in Reservoir is $969,613 while the median value for Units is $643,747.
- Houses have a median rent of $580 while Units have a median rent of $530.
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