16 Bernard Street, Reservoir VIC 3073

Get off to a flying start in the property game with this five-star development site on the footsteps of the bustling Broadway shopping and dining strip.

With approved plans and permits for the construction of five two-bedroom townhouses on a generous 597sqm (approx.) block with side laneway access, you're free to start building one of Reservoir's most exciting developments the instant the keys to this first-class property are in your hands.

Once built, your brand new collection of luxurious townhouses will enjoy a superior level of convenience thanks to its prized position in the heart of Reservoir, where Reservoir train station, bus services, Reservoir Leisure Centre and Edwardes Street shops and cafes are within walking distance and the vibrant High Street strip, Preston Market, Edwardes Lake and the Metropolitan Ring Road are just minutes away.

Currently occupying the prized block is a single-level two-bedroom Californian Bungalow, which can be leased out in the short-term or restored to its former glory so as to occupy your young family until you're ready to build in the future.

Featuring period features, towering three-metre high ceilings, light-filled lounge with an open fireplace, original bathroom, timber kitchen, two off-street car spaces and a grassed backyard, be the one to unearth this property's true potential.