FOR RENT
$26,000 per annum + GST + Outgoings

377b Springvale Road
Springvale South VIC 3172

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 71m2
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CORNER THE MARKET - HIGH EXPOSURE RETAIL

Ray White Commercial Oakleigh is pleased to offer 377b Springvale Rd, Springvale for lease.
Located within a very significant south-eastern suburban precinct it benefits from being in the heart of the busy Springvale Road commercial/retail strip, and surrounded by numerous significant national and regional retailers including Coles, Subway, Spotlight, Hungry Jacks & Red Rooster
The property is also well-serviced by public transport facilities, including a variety of bus services along Princess Highway and train services at Springvale Train Station. This well-presented property offers great exposure for businesses looking to relocate. Complete with on-site amenities and ample customer parking.
• Total building area | 71m2*
• Corner building allotment offering great exposure
• Prime position opposite Woolworths and in the heart of a 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
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Property Details for 377b Springvale Rd, Springvale South

Building Type
Commercial
Floor Size
71m2

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About Springvale South 3172

The size of Springvale South is approximately 4.5 square kilometres. It has 11 parks covering nearly 18.3% of total area. The population of Springvale South in 2011 was 12,183 people. By 2016 the population was 12,771 showing a population growth of 4.8% in the area during that time. The predominant age group in Springvale South is 20-29 years. Households in Springvale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale South work in a labourer occupation. In 2011, 71.5% of the homes in Springvale South were owner-occupied compared with 71.1% in 2016.

Springvale South has 4,632 properties. Over the last 5 years, Houses in Springvale South have seen a 19.49% increase in median value, while Units have seen a 10.83% increase. As at 30 November 2024:

  • The median value for Houses in Springvale South is $840,147 while the median value for Units is $562,237.
  • Houses have a median rent of $560 while Units have a median rent of $525.
There are currently 19 properties listed for sale, and 14 properties listed for rent in Springvale south on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Springvale south.

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George Kelepouris
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