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
Pricing excludes GST.