8 Yiannis Court,
Springvale, VIC 3171
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Tenure type
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Crabtrees Real Estate - Melbourne
1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton RoadOAKLEIGH, VIC 3166
04183210...
8 Yiannis Court
Springvale, VIC 3171
Map of 8 Yiannis Court
*** 8% RETURN *** PRICED TO SELL - HIGH YIELDING INVESTMENT!
- LONG ESTABLISHED BUSINESS
- RETURNING $148,954.80 PA (NET)
- BRAND NEW 10 YEAR LEASE
Crabtrees Real Estate are pleased to offer 8 Yiannis Court, Springvale For Sale
The property is currently leased to EKKA Enterprises Pty Ltd trading as Club 8 Springvale on a brand new 10 year which commenced on 1st December 2024 and is currently returning $148,954.80 per annum.
Located in this tightly held Springvale industrial precinct, this well-established business has been operating from this same location since 1997 and was awarded Best Brothel in Australia in 2019.
Situated and surrounded by the Springvale Homemaker Centre and high end retailers such as Ikea and Bunnings, 8 Yiannis Court is also located in close proximity to Westall Road and Dandenong Road/Springvale Road junctions with easy access to Monash M1 Freeway.
INVESTMENT FEATURES:
+ 10 year lease from December 2024
+ Currently returning $148,954.80 per annum (net)
+ Annual increases of 3.5%
PROPERTY FEATURES:
+ Total building area of approximately 500 sqm*
+ Front reception with large waiting area
+ 6 professionally fitted rooms all with showers and 3 rooms with spas
+ Air conditioned and heated throughout
+ Securely gated car parking
+ Security and camera system
+ 10Kw solar system with 42 roof panels
+ Close to shops & public transport
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
The property is currently leased to EKKA Enterprises Pty Ltd trading as Club 8 Springvale on a brand new 10 year which commenced on 1st December 2024 and is currently returning $148,954.80 per annum.
Located in this tightly held Springvale industrial precinct, this well-established business has been operating from this same location since 1997 and was awarded Best Brothel in Australia in 2019.
Situated and surrounded by the Springvale Homemaker Centre and high end retailers such as Ikea and Bunnings, 8 Yiannis Court is also located in close proximity to Westall Road and Dandenong Road/Springvale Road junctions with easy access to Monash M1 Freeway.
INVESTMENT FEATURES:
+ 10 year lease from December 2024
+ Currently returning $148,954.80 per annum (net)
+ Annual increases of 3.5%
PROPERTY FEATURES:
+ Total building area of approximately 500 sqm*
+ Front reception with large waiting area
+ 6 professionally fitted rooms all with showers and 3 rooms with spas
+ Air conditioned and heated throughout
+ Securely gated car parking
+ Security and camera system
+ 10Kw solar system with 42 roof panels
+ Close to shops & public transport
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Additional information
External websites
Springvale, 3171 demographic data
The median household income for Springvale is $1,402, 26% lower than Greater Melbourne's household income of $1,901. Springvale has a younger age profile compared to the rest of Greater Melbourne (median age 36 vs 37). Property ownership data shows 39% of property owners in Springvale have a mortgage.
22,174
Population
$1,402 per week
Median household income
36 years
Median age
Owners
Most residents
Families
Most households
Crabtrees Real Estate - Melbourne 1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166
OAKLEIGH, VIC 3166
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