970 High StreetReservoir VIC 3073
Property Details for 970 High St, Reservoir
Last Listing description (March 2026)
- Ray White Preston Commercial is excited to offer this rare opportunity to purchase a prime freehold property in amongst Reservoir's bustling retail and dining precinct
- Ideally located opposite Reservoir Train Station, this fully fitted restaurant offers exceptional exposure to High Street and passing foot traffic
- Key features:
- Land area: 215 sqm *
- Zoned Commercial 1 (C1Z)
- Offered for sale with vacant possession
- Rear parking via right-of-way laneway access
- No Owners Corporation/Body Corporate
- Excellent signage and main road visibility
- An ideal proposition for owner-occupiers, investors, or hospitality operators looking to establish themselves in one of Melbourne's fastest-growing northern suburbs
* Approximate
From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.
For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com
DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.
Property History for 970 High St, Reservoir, VIC 3073
- 01 Mar 2026Sold for $693,000
- 04 Nov 2025Listed for Sale $675,000
- 19 Feb 2015Sold for $505,000
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About 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 29,148 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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