A developer’s dream – buy one or both at an unbeatable price

Seize this rare opportunity to secure a premier development site in one of Reservoir’s fastest-evolving and most in-demand pockets. Whether you’re a seasoned developer, strategic investor, or a builder ready for your next standout project, this offering delivers unbeatable value, flexibility, and future potential.

Two Titles Available
Single Lot: Approx. 565m²

Combined Lots: Approx. 1,129m²

The combined site comes with approved plans and permits for nine architecturally designed triple-storey townhouses, streamlining the development process and saving you significant time and resources. Alternatively, each lot individually holds plans for four dwellings under the Residential Growth Zone (RGZ3)—a true developer’s dream.

Architectural Highlights
Each proposed townhouse is designed to meet the demands of modern living, featuring:

3–4 spacious bedrooms

Open-plan living and dining

Functional family zones

Low-maintenance private courtyards

Prime Location & Unmatched Connectivity
Perfectly located within walking distance to both Summerhill and Northland Shopping Centres, and just minutes from:

Preston Market, Reservoir Train Station

Broadway and Edwardes Street villages

Top-tier schools including Reservoir High School and Reservoir East Primary

La Trobe and RMIT Universities

Easy access to Tram 86, bus routes 382, 566, 567

Surrounded by parks and trails including CH Sullivan Park and Darebin Creek Trail

All this, just 11km (approx.) from Melbourne CBD—an exceptional blend of lifestyle appeal and long-term capital growth potential.

With a motivated vendor and a recent price reduction, this is an opportunity that won’t last. Whether you intend to develop, invest, or eventually occupy, this versatile property ticks all the boxes.

Photo ID required at all open for inspections.

Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property ID: 1325521

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers