FOR SALE
WIWO BUILDING & BUSINESS

6/218-220 Springvale Road
Springvale VIC 3171

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Building and Business wiwo or with Lease back available

A great opportunity is being offered to the astute business investor with this prosperous business offered on a WIWO basis. The new owner will benefit from all the hard work the current owner has put-in to develop the shop and establish repeat customers. For those who wish to invest in Springvale CBD property without the need to run a business the current owner will happily lease-back the business and continue building its already established credentials.
Located between the Buckingham Ave apartment block and Springvale Railway Station there is always many people going to and from both daily.
The business model, based on a popular refreshment, has proven to be a successful one even during the colder months with the business attracting many patrons. The shop also provides lite refreshments and seating for a small number of customers.

Property Details for 6/218-220 Springvale Rd, Springvale

Building Type
Commercial

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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 11,048 properties. Over the last 5 years, Houses in Springvale have seen a 21.04% increase in median value, while Units have seen a 20.94% increase. As at 30 September 2024:

  • The median value for Houses in Springvale is $877,168 while the median value for Units is $597,612.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 88 properties listed for sale, and 26 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 333 properties were sold in the past 12 months in Springvale.

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CENTURY 21 Theresa Huynh
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