SOLD
Sold on 23 Jan 2024 for $1,405,000

1/56 Smith Road
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: 7
Land area: 492m2
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Property Details for 1/56 Smith Rd, Springvale

Building Type
Commercial
Land Size
492m2
Local Government
Greater Dandenong
Lot/Plan
1/SP29668

Last Listing description (November 2023)

Gorman Allard Shelton is delighted to offer this well-presented industrial warehouse with high quality office for sale.

This warehouse set at the front of an industrial park provides excellent exposure. Moments away from the Princes Highway and nestled just behind the Springvale Mega Centre.

Key features of this opportunity are highlighted as follows:

* 480 sqm* of building area
* Additional mezzanine storage of 191 sqm*
* Office accommodation of 141 sqm* including an open plan work area, boardroom, compactus and storage, kitchen with lunch room and self contained bathroom amenities
* Roller shutter door
* Five (5) car parks plus exclusive use of two (2) visitor car parks

Set along Smith Road, less than 150m* from Princes Highway and less than 2.5km* from the Monash Freeway and Police Road on ramp. Access to the Melbourne CBD and Dandenong is a breeze.

For further information, please contact the exclusively appointed agents:

Nathan May 0452 210 491
Jonathon McCormack 0418 835 885

*approx.

Property History for 1/56 Smith Rd, Springvale, VIC 3171

A timeline of how this property has performed in the market
Last Sold
$1,405,000
23 Jan 2024
Listed for Rent
$862/w
21 Jan 2011
  • 23 Jan 2024
    Sold for $1,405,000
  • 24 Oct 2023
    Listed for Sale Contact Agent
  • 29 Sep 2014
    Transferred
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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 84 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.

Suburb Insights for Springvale 3171

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.