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)

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents

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* Approximately