196-198 Albert Street, Reservoir, VIC 3073

Ray White is pleased to present for sale 196-198 Albert Street Reservoir, a sprawling landholding within a tightly held precinct and boasting an existing planning permit for a first-class townhouse development.

? Recently approved treasured permit for a boutique luxury development in a highly sought-after area

? Perfectly positioned landholding of 1,220 sqm (approx) with 2 street frontages under 2 titles

? Reservoir is a high demand suburb with a soaring median house price (source REIV)

? 10 meticulously designed townhouses boasting predominantly 3-bedroom dwellings.

? Multiple living spaces and an abundance of private outdoor space for each townhouse

? Situated close to high demand suburbs of Preston & Heidelberg, each with soaring median house prices

? Moments to bustling retail at Preston Northland and lifestyle amenity within both Reservoir and Preston.

Easy access to the Preston, Reservoir trains, Trams & buses & Approx. 15 minutes to the CBD

? Easy access to the Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. Band new Childcare centre right next door

2 properties in each block are currently tenanted and generating a rental income.

To the astute Investor, Builder, Developer, the vendors will provide you with

? Working Drawings: ? Structural Engineering & Comps: ? Drainage Design: ? LPOD & SDO: ? Soil Test: ? 6 Star Energy Rating: at the time of settlement,

Don't miss this great opportunity.

For further information or to inspect the property, please contact Chamara Adihetty 0423 904 801.