415-417 Springvale Road,
Forest Hill, VIC 3131
Shops & Retail • Showrooms & Large Format Retail
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Map of 415-417 Springvale Road
Prominent Retail Investment
- Substantial retail premises of 341 sqm*
- Brand new 5+5 year lease
- Wide frontage to Springvale Road
A big name to add to your commercial portfolio.
GrayJohnson is pleased to offer for sale by auction this substantial retail investment in Springvale Road, Forest Hill.
The long term tenant is Australia’s largest pharmacy retailer with more than 300 stores* and 9,500 staff nationally*.
This valuable essential services tenant has just committed to a new 5 + 5 year lease, making the property an excellent acquisition for investors.
The opportunity:
> Occupied by Chemist Warehouse since 2007
> Brand new 5+5 year lease
> Annual fixed rental increases
> Rental: $87,915 pa + GST & Outgoings
> Wide frontage to Springvale Road
> Substantial retail premises of 341 sqm*
> Land area: 373 sqm*
> Excellent on-street parking in service road
> Zoned Commercial 1
The location:
• High exposure on main road location
• Located in boutique neighbourhood shopping strip
• Established residential precinct only 18km* from the CBD
• Easy access to major arterials
Auction Wednesday 30 November @ 11 am
*approx.
GrayJohnson is pleased to offer for sale by auction this substantial retail investment in Springvale Road, Forest Hill.
The long term tenant is Australia’s largest pharmacy retailer with more than 300 stores* and 9,500 staff nationally*.
This valuable essential services tenant has just committed to a new 5 + 5 year lease, making the property an excellent acquisition for investors.
The opportunity:
> Occupied by Chemist Warehouse since 2007
> Brand new 5+5 year lease
> Annual fixed rental increases
> Rental: $87,915 pa + GST & Outgoings
> Wide frontage to Springvale Road
> Substantial retail premises of 341 sqm*
> Land area: 373 sqm*
> Excellent on-street parking in service road
> Zoned Commercial 1
The location:
• High exposure on main road location
• Located in boutique neighbourhood shopping strip
• Established residential precinct only 18km* from the CBD
• Easy access to major arterials
Auction Wednesday 30 November @ 11 am
*approx.
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Property ID: 504196195Last Updated: 3 Feb 2023
Gray Johnson - Melbourne
30 Collins Street.MELBOURNE, VIC 3000
415-417 Springvale Road
Forest Hill, VIC 3131
Gray Johnson - Melbourne30 Collins Street.
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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