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123 Spring St 1,507 SF of Retail Space Available in Reservoir, VIC 3073
Highlights
- Modern fit-out with a flexible floor plan suitable for multiple business types.
- Professional reception and waiting area designed for client comfort.
- Walking distance to Reservoir Station and Edwardes Street shopping precinct.
- Four private consulting rooms plus an open-plan office or boardroom area.
- Rear roller door access with secure parking for two vehicles.
- Multiple bathroom amenities and a well-equipped kitchenette for staff convenience.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,507 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground
This modern lock-up shop presents a rare opportunity for investors or owner-occupiers seeking a well-positioned commercial asset in Reservoir. Located within walking distance of Reservoir Station and the bustling Edwardes Street shopping precinct, the property offers strong exposure and accessibility in a high-demand area. The interior features a contemporary fit-out with a versatile floor plan, including a welcoming reception and waiting area, four private consulting rooms, and an open-plan office or boardroom space. A fully equipped kitchenette and multiple bathroom facilities enhance functionality for staff and clients. Rear right-of-way access with a roller door provides secure parking for two vehicles, adding convenience and operational efficiency. This property is suitable for a wide range of uses, including medical, allied health, or professional services (STCA). With its low-maintenance design and prime location, it offers long-term value and strong potential for capital growth.
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- Central Air Conditioning
- Partitioned Offices
- Private Restrooms
- Recessed Lighting
- Hardwood Floors
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,507 SF | Gross Leasable Area | 1,507 SF |
| Property Type | Retail | Parking Ratio | 1.33/1,000 SF |
| Total Space Available | 1,507 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,507 SF |
| Parking Ratio | 1.33/1,000 SF |
About the Property
The property is located in Reservoir, within close proximity to Reservoir Station and the Edwardes Street retail precinct. It includes a reception area, four consulting rooms, an open-plan office space, kitchenette, and bathroom facilities. Rear access with a roller door provides parking for two vehicles. The site is accessible via local roads and public transport.
- Signage
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
- Smoke Detector
Presented by
123 Spring St
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