Watch Watch
+8 Photos
Corner Barwon Avenue & North Road, Reservoir, VIC 3073

2. Property Highlights

Permit Approved Corner Infill Development Site
  • Corner 1,261 sqm* Landholding
  • Excellent Education and Retail Amenity
  • Permit Approved for Childcare

Stonebridge Property Group is pleased to present for sale the Corner of Barwon Avenue & North Road, Reservoir, a 1,261 sqm* permit approved corner landholding.

The landholding provides an opportunity for a childcare, townhouse, dwellings and medical centre development outcome (STPA) in close proximity to Summerhill Shopping Centre (425 m*).

The key highlights of the opportunity include:

- 1,261 sqm* corner vacant landholding with 66 m* frontage to Barwon Avenue and North Road

- Opportunity for a childcare, townhouse, dwellings and medical centre development outcome (STPA)

- Currently permit approved for a 100-place childcare centre

- Reservoir median house price, $922,000, has grown 4.03% p.a. over the past 3 years, whilst Metropolitan Melbourne has experienced negative growth of -0.61% during the same period

- Surrounded by an abundance of retail and lifestyle amenity, including the Coles, Aldi and Kmart anchored Summerhill Shopping Centre (425 m*); Chemist Warehouse anchored Reservoir Central Shopping Centre (385 m*); and Reservoir Leisure Centre (650 m*)

- Excellent education options nearby, including immediate proximity to Reservoir East Primary School (125 m*)

- Direct CBD and Greater Melbourne transportation access through Reservoir Train Station (1.5 km*), tram line 86 (300 m*) and bus route 566 (on the doorstep of the property)

Corner Barwon Avenue & North Road, Reservoir is offered for sale via Expressions of Interest closing Thursday 2nd May 2024 at 2PM (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Andrew Milligan

0421 559 992

Julian White

0422 764 137

Chao Zhang 张超

0411 625 068


* Approximately

Property Code: 926

Remember to mention you found this property on DevelopmentReady

Read More

3. Property Location

Corner Barwon Avenue & North Road, Reservoir, VIC 3073

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity