Shop 11 is part of a group of Springvale shops providing various goods and services to the public. The shop has been cleverly divide to provide the two neighbouring shops room to expand their businesses and provide two separate income streams to the the vendor. The high-profile position on Springvale Road, near to a Woolworths supermarket and associated large car park at the rear make it easy for passing traffic to access these shops.
In addition, many nearby residents frequent the area for work and shopping, be it for groceries, clothing, or dining. In addition, staff from nearby State Government offices and service providers, plus local government offices also frequent the area for similar reason.
Other businesses in the area include solicitors/conveyancers, accounting firms, medical and dental practitioners along with other specialist services. There are both primary and secondary schools within walking distance of the shopping complex.
The shop is leased to long term tenants providing a good return on investment.
Half Shop 11. Yoon’s Grill (approx103.1m2 approx)
Current Lease commenced 1 August 2023 for a 5-year term with a 4% annual rent increase with 2 additional 5-year terms available. Commensurate rent of $60,500 (Inc GST) and 50% of all building out-goings, insurance and other requirements as specified within the lease agreement.
Half Shop 11 Indian Grocery Store (103.1m2 approx)
Current lease commenced December 2020 with a 3-year term and a 4% annual rent increase included with an option to extend for a further 3 years. Commensurate rent of $53,558.40 pa (Inc GST) with the tenant responsible for 50% of all building outgoings, insurance and other requirements as specified within the lease agreement.

Total Income $114,058.40 Inclusive of GST Tenants responsible for all outgoings.