1-7 Springvale Road 11,238 SF 100% Leased Retail Building Springvale, VIC 3171 For Sale

This rare freehold offering at 1-7 Springvale Road in Springvale comprises four adjoining single-level retail shops and a residential dwelling, packaged together under one title. The asset sits on a generous 1,044 square meter site, with an impressive 29.8-meter frontage and advantageous rear laneway access, enhancing delivery and future redevelopment possibilities.
Strategically embedded within Springvale’s bustling and culturally diverse retail precinct, the property benefits from exceptional visibility and consistent foot traffic driven by major retailers and hospitality venues such as Coles, Commonwealth Bank, ANZ, and popular local restaurants. The area demonstrates strong customer loyalty and high retail demand, reinforcing income stability and long-term growth prospects.
Just 25 kilometers southeast of Melbourne’s CBD, this property offers unmatched connectivity via Monash Freeway, Princes Highway, and Centre Road. Access to efficient public transport is ensured through the nearby Springvale Railway Station and numerous bus services.
Currently generating a combined annual rental income of approximately $170,526.91 across five tenancies, including long-term leased retail spaces and residential accommodation, this investment offers both immediate revenue and considerable value-add or potential redevelopment upside (STPA).
Auction is set for Friday, May 1 at 12:30 PM, presenting buyers with an unmissable opportunity to secure a tenanted, income-producing asset in one of Melbourne’s most robust suburban markets.