84 Royal Parade Reservoir, VIC 3073

Set on an impressive allotment of approximately 650m² in one of Reservoir's most well-connected and steadily growing pockets, 84 Royal Parade presents an exceptional opportunity for those looking to secure land with genuine future upside. Whether you are a builder, developer or savvy investor, the scope to redevelop or construct multiple dwellings (STCA) makes this a compelling prospect in a location where demand for quality new homes continues to rise.

The existing residence offers the flexibility of holding income or comfortable occupancy while future plans are explored, however the true value lies in the generous land size and the possibilities it presents. With substantial proportions and excellent potential for a multi-unit or townhouse development (STCA), this is a site that allows you to maximise returns in a suburb experiencing consistent growth and buyer demand.

Lifestyle appeal further enhances the opportunity. Only moments from the vibrant cafés, shops and everyday conveniences of Broadway & Edwardes Street Village and within easy reach of Reservoir Station for direct CBD access, the location is both practical and highly desirable. Enjoy the open green spaces, walking trails and recreational facilities of Edwardes Lake Park, along with nearby schools, bus services and major arterial roads that provide seamless connectivity to surrounding suburbs.

Opportunities to secure approximately 650m² of prime Reservoir land with this level of development flexibility are becoming increasingly rare. Explore the potential to renovate, rebuild or create a thoughtfully designed multi-dwelling project (STCA) and capitalise on a location that continues to go from strength to strength.