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41 Crevelli St 925 SF Retail Condo Unit Offered at $270,169 in Reservoir, VIC 3073
Investment Highlights
- Zoned and positioned for multiple uses including retail, medical, or office (STCA).
- On-street customer parking enhances accessibility and convenience.
- Close proximity to tram, bus, and Regent Railway Station (approx. 2.4 km).
Executive Summary
41 Crevelli Street, Reservoir VIC 3073, is a strata-titled mixed-use property. Internal features include a refurbished finish, kitchenette, and toilet facilities. Surrounding infrastructure supports multiple transport options including buses, trams, and rail within a short distance. The local context includes mixed residential and retail activity.
1 Unit Available
| Unit Size | 925 SF | Condo Use | Retail |
| Price | $270,169 | Sale Type | Owner User |
| Price Per SF | $292.07 | APN/Parcel ID | CM1\PS705215 |
| Unit Size | 925 SF |
| Price | $270,169 |
| Price Per SF | $292.07 |
| Condo Use | Retail |
| Sale Type | Owner User |
| APN/Parcel ID | CM1\PS705215 |
Description
This property forms part of a strata-titled building within a tightly held neighborhood retail strip in Reservoir. Ownership provides access to common property elements maintained under an owners corporation, ensuring shared responsibility for upkeep of external areas and building integrity. Strata arrangements typically cover structural components, insurance, and communal services, with individual owners managing their internal premises. Buyers should review the applicable strata plan and regulations to confirm usage rights, contribution obligations, and any operational requirements pertaining to retail or office use.
Sale Notes
Positioned within one of Reservoir’s established shopping precincts, 41 Crevelli Street offers a fully refurbished ground-floor commercial suite comprising approximately 86 m². Sold with vacant possession, this property creates flexibility for owner-occupiers seeking to establish their business quickly or investors looking to capitalize on strong leasing demand for smaller format commercial premises.
Versatility is a key advantage, with potential uses including retail, professional office, or specialized health services, subject to necessary approvals. Located just moments from Chaleyer Street and main commuter routes, the property benefits from steady local foot traffic, immediate access to public transport links including bus and tram stops, and ample on-street parking for clients and staff.
At an asking price of $375,000, this asset represents an excellent entry point into Melbourne’s commercial market with minimal upfront improvements required thanks to recent renovations. Its position within a well-supported shopping strip ensures future relevance for both occupiers and investors seeking a stable holding in a growth area.
Property Facts
| Total Building Size | 1,851 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 926 SF |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.04 AC |
| Building Class | C |
| Total Building Size | 1,851 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 926 SF |
| Lot Size | 0.04 AC |
Amenities
- Signage
- Air Conditioning
- Balcony
Presented by
41 Crevelli St
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