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1 Mackay St 656 SF Office Condo Unit Offered at $550,997 in Springvale South, VIC 3172
Investment Highlights
- Established neighbourhood shopping centre servicing the surrounding residential catchment
- Diverse mix of retail and essential services supporting consistent local trade
- Convenient Athol Road location with on-site customer parking and pedestrian access
Executive Summary
Springvale South Shopping Centre is a local convenience-based retail centre servicing the surrounding residential catchment in Springvale South, Victoria. The centre is positioned off Athol Road and is supported by surrounding community infrastructure including schools, recreational reserves, public transport services, and established housing. The centre accommodates a mix of retail, food, and personal service operators and includes essential services such as postal and convenience-oriented retailers. Improvements comprise a single-level retail complex with shared pedestrian accessways and on-site customer car parking. The centre is designed to support regular local trade and everyday retail needs and is managed as a strata-titled shopping centre with shared common property and services.
Property Facts
| Total Building Size | 8,988 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 8,988 SF |
| Building Class | C | Lot Size | 0.21 AC |
| Total Building Size | 8,988 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 8,988 SF |
| Lot Size | 0.21 AC |
1 Unit Available
Unit F
| Unit Size | 656 SF | Condo Use | Office |
| Price | $550,997 | Sale Type | Investment |
| Price Per SF | $839.93 | APN/Parcel ID | 6\RP18788 |
| Unit Size | 656 SF |
| Price | $550,997 |
| Price Per SF | $839.93 |
| Condo Use | Office |
| Sale Type | Investment |
| APN/Parcel ID | 6\RP18788 |
Description
Lot 1F comprises a strata-titled retail lot located within the Springvale South Shopping Centre at 1F Mackay Street, Springvale South VIC 3172.
The lot has an approximate internal area of 61 square metres and is configured as a ground-floor retail premises with direct access to the centre’s internal pedestrian thoroughfare.
The strata lot includes a primary retail/service area, together with ancillary improvements comprising rear storage space and an enclosed office area fitted with kitchenette and bathroom facilities. The lot benefits from access to common property areas including customer car parking, shared amenities, service corridors, and all other common facilities forming part of the shopping centre strata plan.
Sale Notes
The property is a strata-titled retail investment located within an established neighbourhood shopping centre and comprises an approximate building area of 61 square metres. The ground-floor premises is currently leased to an established hair and nail salon, providing immediate holding income. The property generates a monthly rental of $2,865 under a lease that expires in December 2027, offering medium-term income security. This asset is suitable for investors seeking a stable return as well as owner-occupiers planning for future occupation, subject to the existing lease terms.
+5 More
Large open plan
Natural light into the property
Multi-functional space
Kitchenette
Spacious office space
Bathroon
Entry into the shower from the office
Large street frontage seen from inside
Floor plan
Ample storage inside the office
Presented by
1 Mackay St
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