Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • The site occupies a corner position with a land area of approximately 855 sqm.
  • Approved plans and permit exist for a three-story medical facility with 1,601 sqm of net lettable area.
  • The property is located near public transport, shopping precincts, and major road connections.
  • It is zoned Commercial 1, allowing for a range of potential uses subject to council approval.
  • A previous permit allowed for a four-level residential development with townhouses and retail space.

Executive Summary

This permit-approved corner site in Reservoir offers exceptional development flexibility with a current endorsement for a three-story medical facility totaling 1,601 sqm of NLA. The 855 sqm Commercial 1 landholding also benefits from a previous permit for a four-level residential project and is suitable for various uses including hospitality, childcare, or retail (STCA). Located within walking distance of the upgraded Reservoir Station, Edwardes Street, and Broadway shopping precincts, the property provides excellent connectivity to key amenities such as Preston Market and Northland Shopping Centre. Its flat topography simplifies construction, making it an attractive opportunity for developers and investors seeking a versatile site in a well-connected location.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Hospitality
  • Apartment Units - Condo
  • Fast Food
  • Medical
Total Lot Size 0.21 AC

1 Lot Available

Lot

Lot Size 0.21 AC

Corner site of approximately 855 sqm zoned Commercial 1, featuring approved plans and permit for a three-story medical facility with 1,601 sqm NLA, offering flexibility for alternative uses such as residential, hospitality, or retail development.

Description

The property consists of an 855 sqm landholding situated on a corner lot in Reservoir, Victoria. It is zoned Commercial 1 and includes approved plans and a permit for a three-story medical facility with a net lettable area of approximately 1,601 sqm. A previous permit was in place for a four-level residential development comprising townhouses and retail tenancies. The site is positioned within walking distance of Reservoir Station, Edwardes Street, and Broadway shopping areas, and is in proximity to Preston Market and Northland Shopping Centre. The block is level and accessible, with surrounding transport links including major roads and public transit options.

  • Listing ID: 39981794

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 915 High Street, Reservoir, VIC 3073

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}