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371 Springvale Road 484 SF Retail Condo Unit Offered at $385,792 in Springvale, VIC 3171
Investment Highlights
- Prime position on Springvale Road within one of Melbourne’s busiest multicultural shopping precincts.
- Surrounded by an established mix of restaurants, specialty shops, and essential services creating strong consumer traffic.
- Competitive entry price points provide affordability in a high-demand location, ideal for investors or self-use.
- Flexible occupancy arrangements, featuring owner-occupiers open to lease-back negotiations and current short-term tenancies.
- Excellent connectivity with Springvale Railway Station approximately 460 meters away and nearby bus links.
Executive Summary
371 Springvale Road is located amongst several boutique retail assets in one of Melbourne’s most dynamic and culturally rich shopping precincts. Situated along a high-visibility stretch of Springvale Road, these 4 retail storefront properties occupy prominent positions that benefit from heavy pedestrian activity and strong vehicular exposure. Each shop features compact, well-configured layouts suitable for a variety of retail or service uses. The area’s extensive retail mix, vibrant community, and proximity to key transport infrastructure—including Springvale Railway Station and multiple bus routes—enhance sustained consumer draw and consistent traffic. 371 Springvale Road represents a rare aggregation opportunity in a proven market. These properties combine visibility, access, and adaptability to deliver immediate operational or investment upside.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 3\SP30003 |
| Sale Conditions | Sale Leaseback, Auction Sale |
| Sale Type | Investment |
| Sale Conditions | Sale Leaseback, Auction Sale |
| APN/Parcel ID | 3\SP30003 |
Description
The property comprises a single-level retail premises with an approximate floor area of 57 m². It is located along Springvale Road within Springvale’s established retail precinct. The site is surrounded by complementary businesses including restaurants, small format retailers, and service establishments. Public transport accessibility is strong, with bus services within meters and the nearest train station approximately 460 meters away.
Sale Notes
371C Springvale Road offers a rare opportunity to secure a high-exposure retail asset within one of Melbourne’s most vibrant shopping strips. Perfectly positioned in the bustling Springvale retail precinct, this boutique commercial property occupies a strategic frontage along a primary thoroughfare, ensuring consistent foot and vehicular traffic. Its proximity to essential transport nodes—including Springvale Railway Station—creates seamless accessibility for customers and business operators alike.
Currently operating as a clothing store, the property presents exceptional investment flexibility. The outgoing owner has expressed willingness to remain in occupation under a lease agreement negotiated at market terms, delivering immediate income potential for the purchaser. Encompassed by a diverse mix of established retailers, dining options, and essential local services, the property benefits from strong customer draw and sustained demand in a multicultural hub that continues to thrive.
With a motivated vendor and clear sale instructions, this property is tailored for investors seeking a compact, manageable asset with proven performance in a high-visibility location. Quick action is recommended to capitalize on this well-located retail opportunity.
Currently operating as a clothing store, the property presents exceptional investment flexibility. The outgoing owner has expressed willingness to remain in occupation under a lease agreement negotiated at market terms, delivering immediate income potential for the purchaser. Encompassed by a diverse mix of established retailers, dining options, and essential local services, the property benefits from strong customer draw and sustained demand in a multicultural hub that continues to thrive.
With a motivated vendor and clear sale instructions, this property is tailored for investors seeking a compact, manageable asset with proven performance in a high-visibility location. Quick action is recommended to capitalize on this well-located retail opportunity.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C | 484 SF | Retail | $385,792 ($797.09/SF) | - |
Unit C
| Unit Size |
| 484 SF |
| Condo Use |
| Retail |
| Price |
| $385,792 ($797.09/SF) |
| NOI |
| - |
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Unit C
| Unit Size | 484 SF |
| Condo Use | Retail |
| Price | $385,792 ($797.09/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Conditions | Sale Leaseback, Auction Sale |
| APN/Parcel ID | 3\SP30003 |
| Description | |
| The property comprises a single-level retail premises with an approximate floor area of 57 m². It is located along Springvale Road within Springvale’s established retail precinct. The site is surrounded by complementary businesses including restaurants, small format retailers, and service establishments. Public transport accessibility is strong, with bus services within meters and the nearest train station approximately 460 meters away.</li></ul> | |
| Sale Notes | |
| 371C Springvale Road offers a rare opportunity to secure a high-exposure retail asset within one of Melbourne’s most vibrant shopping strips. Perfectly positioned in the bustling Springvale retail precinct, this boutique commercial property occupies a strategic frontage along a primary thoroughfare, ensuring consistent foot and vehicular traffic. Its proximity to essential transport nodes—including Springvale Railway Station—creates seamless accessibility for customers and business operators alike.<br> <br> Currently operating as a clothing store, the property presents exceptional investment flexibility. The outgoing owner has expressed willingness to remain in occupation under a lease agreement negotiated at market terms, delivering immediate income potential for the purchaser. Encompassed by a diverse mix of established retailers, dining options, and essential local services, the property benefits from strong customer draw and sustained demand in a multicultural hub that continues to thrive.<br> <br> With a motivated vendor and clear sale instructions, this property is tailored for investors seeking a compact, manageable asset with proven performance in a high-visibility location. Quick action is recommended to capitalize on this well-located retail opportunity.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,013 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,013 SF |
| Property Subtype | Storefront | Lot Size | 0.05 AC |
| Building Class | C |
| Total Building Size | 2,013 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 2,013 SF |
| Lot Size | 0.05 AC |
Amenities
- Signage
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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371 Springvale Road
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