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310 Springvale Rd 3,347 SF Retail Condo Unit Offered at $2,413,627 in Springvale South, VIC 3171
Investment Highlights
- 45 m frontage to Springvale Road with high exposure.
- Zoned Commercial, offering future redevelopment potential (STCA).
- Rear laneway access for deliveries and staff parking.
- Prime location within a busy retail strip, surrounded by national brands and strong foot traffic.
Executive Summary
The property is a retail frontage located in Springvale, comprising approximately 1000 m² of building area. The site features an 45m frontage to Springvale Road, rear laneway access, and is zoned Commercial, providing potential for future redevelopment subject to council approval. The property is situated within a high-exposure retail corridor surrounded by national retailers and strong pedestrian and vehicle traffic.
Property Facts
| Total Building Size | 10,764 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,764 SF |
| Property Subtype | Storefront | Lot Size | 0.56 AC |
| Building Class | C | Parking Ratio | 2.79/1,000 SF |
| Total Building Size | 10,764 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,764 SF |
| Lot Size | 0.56 AC |
| Parking Ratio | 2.79/1,000 SF |
Amenities
- Signage
1 Unit Available
Unit 11 & 12
| Unit Size | 3,347 SF | Condo Use | Retail |
| Price | $2,413,627 | Sale Type | Investment |
| Price Per SF | $721.13 | APN/Parcel ID | 11\SP30272, 12\SP30272 |
| Unit Size | 3,347 SF |
| Price | $2,413,627 |
| Price Per SF | $721.13 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 11\SP30272, 12\SP30272 |
Description
An exceptional opportunity to secure a fully leased retail investment in one of Melbourne’s most dynamic suburban retail corridors. This dual-shop asset, positioned along a high-exposure section of Springvale Road, offers a total lettable area of approximately 311 m² on a 339 m² landholding, with an impressive frontage of approximately 18 metres.
Rear laneway access supports operational efficiency for deliveries and staff parking, while the Commercial zoning enhances future redevelopment or value-add opportunities (STCA). Surrounded by national retailers, strong pedestrian activity, and excellent transport connectivity.
Sale Notes
This property is anchored by three secure tenants across two connected shopfronts, delivering a combined annual income of $197,089 (including GST). With 100% of outgoings recoverable by tenants and fixed annual rent increases of 4%, this investment provides stable, predictable cashflow and long-term growth potential. This is a rare chance to acquire a high-performing retail investment in a tightly held location.
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Shop Interior - Current Use
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Floorplan
Shop Interior - Current Use
Presented by
310 Springvale Rd
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