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1 Nullawil Street
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 187m2
Land area: 118m2
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Discover a Prime Investment Opportunity

This unique property presents an exceptional blend of commercial and residential space, making it a standout investment. Located in a bustling area, it features:
- Popular Fish and Chip Shop** on the ground level: This well-established business attracts a steady stream of customers, ensuring a reliable income source. The shop is known for its delicious offerings and excellent customer service, making it a local favorite.
- Renovated 3-Bedroom Residence** above: The spacious and modern residence has been previously renovated, offering comfortable living with three bedrooms, a contemporary kitchen, and a cozy living area.
With an annual rental income of approximately $63,000, this property is not only lucrative but also offers a stable and appealing investment opportunity. The combination of a thriving business and a comfortable living space makes it a rare find in today's market.
Don't miss out on this fantastic opportunity! Contact us today for more information and to arrange a viewing.

Property Details for 1 Nullawil St, Springvale

Building Type
Commercial
Floor Size
187m2
Land Size
118m2

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About Springvale 3171

The size of Springvale is approximately 11 square kilometres. It has 14 parks covering nearly 3.8% of total area. The population of Springvale in 2011 was 19,770 people. By 2016 the population was 21,697 showing a population growth of 9.7% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation. In 2011, 57.4% of the homes in Springvale were owner-occupied compared with 56.2% in 2016.

Springvale has 11,096 properties. Over the last 5 years, Houses in Springvale have seen a 21.81% increase in median value, while Units have seen a 23.13% increase. As at 31 August 2024:

  • The median value for Houses in Springvale is $873,867 while the median value for Units is $595,941.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 76 properties listed for sale, and 42 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 343 properties were sold in the past 12 months in Springvale.

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Jason Bertram
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David Yang
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Harcourts Judd White
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