$940,000 - $990,000

85 Summerhill Road, Reservoir, VIC, 3073, Australia

552 sqm

Property Location

Map of the surrounding area
**Please be advised all properties are by private inspection only. Please contact us directly to arrange an inspection.**

Packaging a convenient Reservoir location central to popular lifestyle assets with a generous 552sqm (approx.) block with a planning permit for four three-storey townhouses, this outstanding development site offers a fantastic opportunity for developers to secure a red-hot piece of real estate in a coveted Residential Growth Zone 2 (RGZ2) that ticks all the boxes.

Sitting at the top of Summerhill, the two townhouses at the rear have a unique feature where the balconies off the living rooms and the top floor bedrooms will be overlooking to the city view. The other two townhouses at the front have North facing balconies, living rooms and bedrooms. Concept drawings include three bedrooms in each townhouse, along with spacious open-plan living areas, a mix of two or three bathrooms, off-street parking for two cars and sleek design elements. It is a development site with a tremendous amount of potential.

Once built (STCA), these ultra-modern townhouses will stand within short walking distance of bus services, Plenty Road trams (No. 86 tram), Summerhill Shopping Centre and the Darebin Creek Trail and moments to Northland Shopping Centre, La Trobe University, schools and numerous parks and sporting facilities.

An existing two-bedroom home with classic charm currently occupies the prized block, and thanks to its neat and tidy presentation, spacious lounge, functional kitchen supplemented by an adjoining family room, carport and generous backyard, you could lease out the property while awaiting relevant approvals from council.

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Alastair Surtees

Ray White Reservoir
+61 466593885
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