FOR SALE
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242-244 Springvale Road
Glen Waverley VIC 3150

Bedrooms: -
Bathrooms: -
Car spaces: 22
Floor area: 613m2
Land area: 1504m2
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Glen Waverley Super Site - Opposite The Glen

This is one of the largest parcels of land (with income) to come to market in central Glen Waverley in many years. Savvy buyers know that few chances exist to secure assets like this.
Key tenant:
• Glen Waverley Medical Centre, with over 30-year legacy (one of the largest Medical Centres locally)
• Total Land Holding 1,503 sqm*
• Near new 5 year Lease plus options
• Premier 2-level medical centre
• AAA corner site opposite 'The Glen'
• Significant corner site with GRZ zoning, presenting the potential for additional levels of development.
• Exceptionally well-maintained two-story medical facility, with 12 consulting rooms and offering minor surgery services.
• Distinguished clinic with a prestigious 30-year legacy
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Property Details for 242-244 Springvale Rd, Glen Waverley

Building Type
Commercial
Floor Size
613m2
Land Size
1504m2

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About Glen Waverley 3150

The size of Glen Waverley is approximately 16.8 square kilometres. It has 53 parks covering nearly 13.2% of total area. The population of Glen Waverley in 2011 was 39,204 people. By 2016 the population was 40,331 showing a population growth of 2.9% in the area during that time. The predominant age group in Glen Waverley is 10-19 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation. In 2011, 76.4% of the homes in Glen Waverley were owner-occupied compared with 72.6% in 2016.

Glen Waverley has 19,662 properties. Over the last 5 years, Houses in Glen Waverley have seen a 35.72% increase in median value, while Units have seen a 21.12% increase. As at 31 August 2024:

  • The median value for Houses in Glen Waverley is $1,726,707 while the median value for Units is $945,719.
  • Houses have a median rent of $690 while Units have a median rent of $650.
There are currently 93 properties listed for sale, and 46 properties listed for rent in Glen waverley on OnTheHouse. According to CoreLogic's data, 753 properties were sold in the past 12 months in Glen waverley.

Suburb Insights for Glen Waverley 3150

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Will Jonas
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Ryan Trickey
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RWC Glen Waverley
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.