745 Gilbert Road Reservoir, VIC 3073

Positioned in a highly sought-after pocket of Reservoir, this flexible property set on approximately 664m² presents a rare opportunity for homeowners, commercial buyers and developers to secure a site with genuine versatility and long-term upside.

Previously utilised as an allied health clinic, the property offers a functional and adaptable layout comprising multiple rooms, a central hallway and essential amenities, making it well suited for continued medical, allied health or professional use (STCA). The existing configuration provides a practical foundation for those looking to establish or expand a business in a well-connected location.

Alternatively, the property can be comfortably utilised as a residential home, offering three well-sized bedrooms, a central bathroom, a light-filled living area and a utility room that can be used as home off or study. With solid bones and a straightforward layout, it presents an excellent opportunity to renovate, update or lease out while considering future plans.
A standout feature of the property is the expansive rear concrete area, providing substantial on-site parking and easy vehicle access. This space is ideal for accommodating multiple vehicles, client parking or operational needs, while also adding significant value from both a commercial and development perspective.

For developers, the generous landholding and accessible block layout open the door to future redevelopment, whether that be a multi-dwelling project or a complete transformation of the site (STCA). The combination of land size, positioning and existing improvements creates a compelling opportunity to maximise value over time.

Situated along Gilbert Road with public transport at your doorstep and close proximity to local shops, cafes, schools and parklands, the location further enhances the appeal across all buyer types.

This is a unique opportunity to secure a property that can be utilised in the short term while offering flexibility and strong potential for the future.