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2/1668-1670 Centre Road
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: 11
Floor area: 400m2
Land area: 400m2
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Invest: Spacious Prime Location Office with Income

This impressive first-floor office offers an unbeatable combination - abundant space, excellent natural light, and a prime corner location - perfect for your business to flourish. Situated just off - Centre Road with easy access to major highways, this office boasts unbeatable connectivity for you and your clients.
Own a High-Yielding Asset:
• Lease term: 3 years from December 2022 (already started)
• Renewal option: 1 further term of 3 years
• Rent $58,335.45
• Rent increase: 3% annually
• Generous 400sqm Floor area
• Flexible layout with open meeting rooms and dedicated boardrooms. The layout could be easily amended to facilitate further tenancies
• New Heating and Cooling System
• Prominent corner location that lends itself to advertising or telecommunications
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Property Details for 2/1668-1670 Centre Rd, Springvale

Building Type
Commercial
Floor Size
400m2
Land Size
400m2

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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 11,190 properties. Over the last 5 years, Houses in Springvale have seen a 12.84% increase in median value, while Units have seen a 15.02% increase. As at 30 November 2024:

  • The median value for Houses in Springvale is $874,309 while the median value for Units is $595,896.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 85 properties listed for sale, and 32 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 337 properties were sold in the past 12 months in Springvale.

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Ryan Trickey
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Will Jonas
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RWC Glen Waverley
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