375-377B Springvale Road,
Springvale, VIC 3171
Shops & Retail • Development Sites & Land
Key property information
Land area
Property extent
Zoning
Tenure type
Sold on
Colliers - Melbourne East
Level 7, Chadstone Tower One 1341 Dandenong RdCHADSTONE, VIC 3148
04383284...
375-377B Springvale Road
Springvale, VIC 3171
Map of 375-377B Springvale Road
Prime Springvale Opportunity Opposite Woolworths
- Significant corner land parcel of 576m²
- 100% leased returning $119,523 p.a*
- Value-add or development opp (STCA)
Colliers are proud to present a truly unique retail/development opportunity, situated in a prime position in the tightly held Springvale Road, Shopping Strip for sale.
Key highlights include:
• Six (6) shops 100% leased returning $119,523 p.a
• Opportunities for significant rental reversion through refurbishment
• Large, coveted corner allotment of 576m²*
• Commercial 1 zoning offers a multitude of development outcomes (STCA)
• Prime position opposite Woolworths and in the heart of this vibrant and extremely busy Shopping Village
• Close proximity to Sandown Racecourse which is planned to undertake a $3.5 billion redevelopment to become a major strategic urban renewal project for Melbourne’s south-east
• Significant local government expenditure which will benefit this landholding, including the currently underway ‘Springvale Boulevard Project’
• Well-connected to major public transport including Springvale Road Bus (bust stop out the front) and Springvale Train Station
• Surrounded by endless parklands, schools and recreational facilities and extensive retail shopping
*approximately
Key highlights include:
• Six (6) shops 100% leased returning $119,523 p.a
• Opportunities for significant rental reversion through refurbishment
• Large, coveted corner allotment of 576m²*
• Commercial 1 zoning offers a multitude of development outcomes (STCA)
• Prime position opposite Woolworths and in the heart of this vibrant and extremely busy Shopping Village
• Close proximity to Sandown Racecourse which is planned to undertake a $3.5 billion redevelopment to become a major strategic urban renewal project for Melbourne’s south-east
• Significant local government expenditure which will benefit this landholding, including the currently underway ‘Springvale Boulevard Project’
• Well-connected to major public transport including Springvale Road Bus (bust stop out the front) and Springvale Train Station
• Surrounded by endless parklands, schools and recreational facilities and extensive retail shopping
*approximately
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
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
More properties from Colliers - Melbourne East
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
306-308 Clayton Road,Clayton, VIC 3168 Shops & Retail • Offices • Development Sites & Land