Shop 11&12/308-310 Springvale Road,
Springvale, VIC 3171
Shops & Retail • Development Sites & Land • Showrooms & Large Format Retail
Key property information
Land area
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Ray White Judd White Group Commercial
17 Leicester Avenue Glen WaverleyGLEN WAVERLEY, VIC 3150
Shop 11&12/308-310 Springvale Road
Springvale, VIC 3171
Map
Fully Leased Shops with High Exposure
Positioned along high-profile Springvale Road, these fully leased properties offer excellent rental income across three tenancies with secure, long-term occupants. Whether you're looking to expand your investment portfolio or secure a high-exposure site for future occupation, this opportunity ticks all the boxes.
Key Investment Highlights
- Triple rental income: Two shops, three strong tenancies
- Total combined area: Approx. 311m²
- Commanding 18m frontage to Springvale Road* - unbeatable exposure
- Rear laneway access for convenience and delivery
- Total Net Income: Approx. $168,641 + GST p.a.
- Tenants pay all outgoings
- Annual rent reviews for income growth
- Zoned for commercial use with future development potential (STCA)
Tenancy Breakdown
Shop 11 (205m²) - Two tenants
- Indian Town Grocery - $54,421.20 + GST
- Yoon's Grill (Seating Area) - $57,200 + GST
Shop 12 (106m²)
- Yoon's Grill (Commercial Kitchen) - $57,200 + GST
Strategic Location Advantages
- Next to national retailers: Woolworths, Chemist Warehouse, Australia Post, major banks
- Surrounded by high foot traffic, public transport, and major arterials
- Steps from Springvale Central, train station, shopping centres, and community amenities
- One of Melbourne's most vibrant multicultural hubs with strong long-term growth
For further details or to schedule a private inspection, please contact the team at Ray White Judd White
Key Investment Highlights
- Triple rental income: Two shops, three strong tenancies
- Total combined area: Approx. 311m²
- Commanding 18m frontage to Springvale Road* - unbeatable exposure
- Rear laneway access for convenience and delivery
- Total Net Income: Approx. $168,641 + GST p.a.
- Tenants pay all outgoings
- Annual rent reviews for income growth
- Zoned for commercial use with future development potential (STCA)
Tenancy Breakdown
Shop 11 (205m²) - Two tenants
- Indian Town Grocery - $54,421.20 + GST
- Yoon's Grill (Seating Area) - $57,200 + GST
Shop 12 (106m²)
- Yoon's Grill (Commercial Kitchen) - $57,200 + GST
Strategic Location Advantages
- Next to national retailers: Woolworths, Chemist Warehouse, Australia Post, major banks
- Surrounded by high foot traffic, public transport, and major arterials
- Steps from Springvale Central, train station, shopping centres, and community amenities
- One of Melbourne's most vibrant multicultural hubs with strong long-term growth
For further details or to schedule a private inspection, please contact the team at Ray White Judd White
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
Ray White Judd White Group Commercial17 Leicester Avenue Glen Waverley
GLEN WAVERLEY, VIC 3150
GLEN WAVERLEY, VIC 3150