95-99 Radford RoadReservoir VIC 3073
Property Details for 95-99 Radford Rd, Reservoir
95-99 Radford Rd, Reservoir is a 1 bedroom, 1 bathroom Unit. The property has a land size of 2891m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (September 2023)
Colliers is pleased to present 95-99 Radford Road (corner Florence Close), Reservoir for sale.
Prominent corner landholding which benefits from extensive street frontage and adjoining the Central Creek Linear Reserve. Benefitting from an underlying residential landholding of 2,890m*, secure income and strong future value add and redevelopment potential this exceptional opportunity should not be overlooked.
Key features of this opportunity are highlighted below:
Standalone building with a total Net Lettable Area (NLA) of 1,142m*
Site improvements include a single-level rooming house of 30 bedrooms and an abundance of facilities and common areas
Longstanding lease with secure passing income of $337,623 p.a.*
100% leased to AMES Australia, a leading provider of humanitarian settlement, education, training and employment services to refugees, asylum seekers and newly arrived migrants in Australia with a history spanning 72-years
General Residential zoning which supports varying future uses and outcomes including continued use, residential and alternative uses such as childcare (STCA)
Prominent position, with frontage of 109.8m* to Radford Road and Florence Close, surrounded by an abundance of public parks and open spaces
12km* to Melbourne's CBD via transport linkages including the new Reservoir Train Station, Metropolitan Ring Road/Citylink and Hume Hwy/Sydney Road
For further information, please contact the exclusive selling agents at Colliers.
Joe Kairouz
+61 421 430 638
Hamish Burgess
+61 421 641 497
*approx.
Outlines indicative
Property History for 95-99 Radford Rd, Reservoir, VIC 3073
- 28 Feb 2023Listed for Sale Please contact agent
- 22 Dec 2016Sold for $2,300,000
- 11 Aug 2016Listed for Sale Not Disclosed
Recent sales nearby
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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 29,187 properties. Over the last 5 years, Houses in Reservoir have seen a -0.25% decrease in median value, while Units have seen a 10.34% increase. As at 31 July 2026:
- The median value for Houses in Reservoir is $949,204 while the median value for Units is $650,197.
- Houses have a median rent of $600 while Units have a median rent of $538.
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