2, 841 Princes Highway, Springvale, VIC 3171

Investment | Retail | Showrooms

Sold

10% deposit, 30 / 60 / 90 days

  • Property ID: 265820
  • Floor Area: 230m²
  • NBN Availability: Build Commenced
  • Cafes: 2 nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 2, 841 Princes Highway Sold 21/09/2017 230m2 N/A Contact Agent
Maximum Exposure Investment To Established Tenant!

CVA Property Consultants are pleased to offer the opportunity to purchase a premium retail investment by way of Public Auction on Wednesday the 20th September 2017 at 12pm on site.

Currently leased to Zeev Kitchens Pty Ltd since 2012 on a recently renewed lease, the investment offers;

- Rental Return: $72,161.15 per annum + outgoings and GST
- Tenant: Zeev Kitchens Pty Ltd
- Lease Term: Five (5) year lease + Five (5) year option
- Commencement: 15th October 2017
- CPI annual increases
- Tenant in occupation for the last 5 years

The property features;

- Total Building area: 230m2*
- 4 allocated car spaces (2 either side of property)
- Air-conditioning and heating
- Prominent whole building signage and exposure to Princes Highway, Springvale Road, and Centre Road
- Total daily average passing vehicle traffic across Centre Rd, Springvale Rd and Princes Hwy is 94,000 on average per day (Vic Roads Data 2016)
- Dual access that will cater to 2 tenancies in future if required

The property is situated on one of Melbourne's busiest intersections and is 26km* from Melbourne's CBD.

*approx.

Additional Information
Features
  • Zoning: Industrial 1 Zone (IN1Z)
  • Lease Term: 5 years + 5 years
  • Rent Review: CPI annually
  • Car Spaces: 4 on site
Springvale Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4907 $201 4.10%
Industrial $6038 $223 3.69%
Offices $4564 $211 4.61%
This is the average advertised price, rent and yield for Springvale, VIC 3171*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 2, 841 Princes Highway, Springvale, VIC 3171. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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