205 Spring Street, Reservoir VIC 3073

Property Details: • Type: House

• Bedrooms: 3 • Bathrooms: 1

Description: Positioned in the vibrant heart of Reservoir, this exceptional property presents a rare and ready-made opportunity for developers and savvy investors. Set on a generous 674 sq m (approx.) of prime land, the site comes complete with approved plans and permits for the construction of three contemporary dwellings, saving you time, money, and planning uncertainty. The existing residence comprises three oversized bedrooms, a formal lounge, central bathroom, neat kitchen with adjoining meals area, and a dedicated study, providing rental income potential while you prepare to build. Added features include heating and cooling, water tanks, a garage, carport, and ample off-street parking. The expansive backyard and well-proportioned block provide a clear and accessible layout for your development vision to come to life. Located for lifestyle and convenience, you're just moments from Reservoir West Primary, Preston High School, Reservoir and Regent train stations, local bus routes, shops, and popular parklands. Opportunities like this in a high-demand locale, are increasingly hard to find. Whether you're looking to start your next project or expand your portfolio, this is one not to be missed. Terms: 10% deposit, balance 30/60 days