FOR SALE
$1,000,000 - 1,100,000

134-142 Springvale Road
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 381m2
Land area: 381m2
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COMMERCIAL BUILDING IN THE HEART OF SPRINGVALE

Excellent commercial building located in the heart of Springvale, access to all facilities and major roads. This huge warehouse ideally suited to several business models such as mechanic, office & warehouse, showrooms…..ect.
Low in maintenance and boasting a combined building are of 381m2 with a wide 16m frontage and long side 23.8m, corner block. This rare opportunity within a Commercial Zone 2 offers significant add value potential, 2 allocated parking spaces, 2 reserved car park and all customer carpark surrounding to be use. Easy access to major arterials including Springvale Road, Princess hwy, Monash Freeway or Eastlink…ect
Currently the building is leased out to a Billiard and Coffee business with a rental of $38,064pa (Gst Inc), with 3 further option of 5 years. The current business has operated for more than 2 years adapting the original facility to suit the current operation including an upgrade of the toilets to provide wheelchair access. The original warehouse was fitted with ducted central heating and 8 split system AC units plus all the appropriate equipment to meet current Health and safety requirements all to be maintained by the current lease, as per lease agreement.
Please do not hesitate to contact the listing agents for more information or to arrange an inspection.

Property Details for 134-142 Springvale Rd, Springvale

Building Type
Commercial
Floor Size
381m2
Land Size
381m2

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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 11,097 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 77 properties listed for sale, and 31 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 344 properties were sold in the past 12 months in Springvale.

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Rosy Tran
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Cheng Sok
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Raine & Horne Springvale
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