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251-261 Springvale Road Glen Waverley, VIC 3150

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251-261 Springvale Road Glen Waverley, VIC 3150

Shop & Retail • Development Sites & Land
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Land area

1549.0m²

Floor area

1300.0m²

Zoning

(CZ1) Commercial Zone 1

Tenure type

Tenanted Investment

Sold on

06 Dec 2017

GLEN WAVERLEY SUPER SITE

Ray White Commercial are pleased to present this strategic Commercial 1 Zoned (C1Z) development site. This one off package of adjoining retail shops is one of the last remaining development sites of this size allowing for high density mixed use development. With attractive leases and passing income the property offers significant upside.

Major Benefits include:

• Land Size 1549m2*

• Zoning: Commercial Zone 1 (CZ1) with a design development overlay

• Part of built form Area B of the Glen Waverley Activity Centre (GWAC)

• Development potential for 10+ levels of mixed use construction (neighbouring property has construction commencing in November 2017 with approval for 15 levels)

• Dual frontages of over 32 meters, including rear laneway access

• Holding income of $417,861 per annum

• Neighbouring property, The Glen Shopping Centre currently undergoing a $490 million* re-development and is to become a prime food and entertainment destination

• 100m to Kingsway dining precinct, 150m to Glen Waverley Train station 300m to village cinemas

The Glen Waverley commercial activity centre location is supreme with other surrounding developments seeing significant success. Glen Waverley's activity centre continues to grow and is supported by council as per their 2016 activity centre structure plan. This added to the growth of the food and entertainment precinct offers exceptional security for developers.

For further information including contract of sale, information memorandum or additional questions please contact:

Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028

Property ID: 502608038Last Updated: 24 Jan 2018

251-261 Springvale Road
Glen Waverley, VIC 3150

Agency contacts

Ray White Commercial - Glen Waverley

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Ray White Commercial - Glen Waverley

169 Coleman Parade
GLEN WAVERLEY, VIC 3150
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Ben Ainsworth
Ray White Commercial - Glen Waverley
251-261 Springvale Road Glen Waverley, VIC 3150

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Ben Ainsworth

    Ray White Commercial - Glen Waverley
    0412 *** ***
  • Ryan Trickey

    Ray White Commercial - Glen Waverley
    0400 *** ***