111-117 Springvale Road, Springvale, VIC 3171

Development/Land

For Sale Contact Agent

  • Property ID: 326059
  • Floor Area: 300m²
  • Land Area: 893m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
  • Nearby Parking: Private
  • Cafes: 20+ nearby
Permitted Site In The Heart Of Springvale !

CVA Property Consultants are pleased to offer for Private Sale this exceptional development opportunity located at 111 - 117 Springvale Road, Springvale.

Prominently positioned with an impressive 24.5* metre frontage to Springvale Road and comprising a total land area of 893m2* with a favorable Commercial 1 Zoning and serviced via a rear lane way. Current improvements consist of four single level retail premises all with rear access. The subject property is offered with plans and permits for a four level mixed use development comprising 20 apartments and four ground floor retail premises. Including 18 two bedroom apartments and 2 three bedroom apartments.


Key Development Features Include:

- 4-level modern mixed-use building
- 4 high ceiling retail shops, fronting high-exposure Springvale Road
- 20 spacious, contemporary, well-layout apartments all with 2 bathrooms and at least 10m2* of private balcony space
- 28 car parking spaces and 20 bike stands
- 6-metre wide back lane way allows east access to car park.

This property is surrounded by an abundance of retail amenities, 800* metres to Springvale Train Station and 3.7kms to Monash University.

The median house price in Springvale is $765,000 (source REA)

For more information please contact CVA Property Consultants

*Approx
Pricing excludes GST.

Additional Information
Features
  • Availability: Immediately
  • Zoning: Commercial 1
  • Suitable Development: Mixed use
  • Permits Issued: Yes
  • Lease Term: N/A
  • Rent Review: Annually
  • Car Spaces: 20
Outgoings
  • Water Rates: $1,095.72
  • Land Tax: $13,409.72
  • Council Rates: $7,449.12
  • Other Charges: N/A
Springvale Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $123 ---
Offices --- $132 ---
Industrial $2842 $135 4.74%
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 Parking - Commercial and private parking spaces available within 500 metres of 111-117 Springvale Road, Springvale, VIC 3171. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 111-117 Springvale Road, 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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