RESERVOIR

FOR SALE Reservoir Land to Build 9 Bed, 9 Bath + Plans & Permits

Build Price: $950,000 (approx)

Attention savvy investors and developers: This is not just a property; it’s a high-performance yield play designed for the modern rental market. We are proud to present a “ready-to-go” development opportunity on Albert Street, Reservoir, featuring full architectural and engineering plans for a sophisticated 9-bedroom, 9-bathroom co-living masterpiece.

The Opportunity

Skip the 12–18 month headache of design and council negotiation. This project is being sold with Plans and Permits meticulously crafted to maximise every square meter of the block.

• The Configuration: 9 Oversized “Studio-Style” Bedrooms.

• The Luxury: 9 Private Ensuites.

• The Parking: 2 Secure On-site Spaces.

• The Location: Prime Albert Street frontage with elite connectivity to La Trobe University, Northland Shopping Centre, and Reservoir Station.

The “Investor First” Design

This build has been engineered from the ground up to minimize overheads and maximize tenant retention:

• Engineering Excellence: Full structural and civil engineering plans included. Designed with acoustic-rated party walls to ensure premium, quiet living for all residents.

• Smart Layout: A central, high-end communal kitchen and lounge area complements the private kitchenettes in each suite.

• Compliance Ready: Fire safety systems and disability access requirements (Class 1b) have been integrated into the design to ensure a seamless transition to a registered Rooming House or NDIS-compliant dwelling (STCA).

The Financial Edge

In a market where standard 3-bedroom rentals are yielding 3%, this 9-suite powerhouse is designed to target 8.69% gross yields.

• Demand: Reservoir is currently experiencing a critical undersupply of high-quality, single-occupancy living for students and young professionals.

Project Status

• Plans: Detailed Architectural & Engineering sets included.

• Permits: Planning approval in place.

• Reports: Soil reports, energy ratings, and drainage designs ready for the build.

Ready to break ground?

Detailed architectural plans, engineering sets, and permit documentation are available for immediate review. Don’t miss this high-yield opportunity in the heart of Reservoir.

Contact Mark to today and lets start building