FOR SALE
$3,000,000-$3,300,000

4 Lightwood Road
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 353m2
Land area: 221m2
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COMMERCIAL OPPORTUNITY IN THRIVING GROWTH POCKET

This outstanding commercial premise, boasting a double storey layout with an internal floor space of approximately 353 sqm, presents a compelling opportunity for investors and business operators looking to capitalise on prime real estate in one of Melbourne's thriving growth corridors. Positioned on a highly sought-after corner block within a well-planned business hub, the building is just a short walk from Springvale Station and Springvale Central, providing maximum exposure and ease of access.
Arranged over two practical levels, the floor plan encompasses four separate shops at ground level and a generously-sized garage. On the first floor find an expansive open plan, multipurpose area fitted with timber flooring and a skylight. Highlights include rest rooms on both levels, convenient lift and stair access plus ample parking on Warwick Avenue.
Strategically and centrally located just footsteps from Springvale Station, Springvale Central shops and eateries, and within proximity to major transport links including Princess Hwy, M1 Freeway, and Eastlink. Enquire today and secure this thriving commercial space.

Property Details for 4 Lightwood Rd, Springvale

Building Type
Commercial
Floor Size
353m2
Land Size
221m2

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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 11,125 properties. Over the last 5 years, Houses in Springvale have seen a 17.89% increase in median value, while Units have seen a 19.80% increase. As at 31 October 2024:

  • The median value for Houses in Springvale is $881,830 while the median value for Units is $591,654.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 93 properties listed for sale, and 28 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 348 properties were sold in the past 12 months in Springvale.

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