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54 Smith Rd - Building 1 4,822 SF Flex Condo Unit in Springvale, VIC 3171
Investment Highlights
- High-quality office/showroom combined with functional warehouse featuring 6.7m clearance.
- Security gate access, automatic roller door, allocated car spaces, and rooftop solar system included.
- Dual-level air-conditioned office incorporating partitioned and open-plan layouts.
- Strategic position close to Princes Highway and M1 Freeway, with retail conveniences nearby including Aldi and Ouson Plaza.
Executive Summary
54 Smith Road comprises a multi-unit industrial development constructed to accommodate office and warehouse tenancies within a secure estate. The complex is arranged with internal driveways, shared circulation areas, and controlled access via a security gate at the frontage. The building design provides a combination of warehouse and office accommodation across multiple strata units, with dedicated onsite car parking allocated throughout the development. The complex is positioned within Springvale’s established industrial precinct and is zoned Commercial 2.
1 Unit Available
Unit 2
| Unit Size | 4,822 SF | No. Parking Spaces | 5 |
| Condo Use | Flex | APN/Parcel ID | 2\PS625698 |
| Sale Type | Investment |
| Unit Size | 4,822 SF |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 5 |
| APN/Parcel ID | 2\PS625698 |
Description
The property forms part of a boutique development near Princes Highway, featuring dual-level office/showroom space and a small high-clearance warehouse of approximately 6.7 meters. Additional features include on-site parking, a security gate, automatic roller door, and a rooftop solar system. The premises is fully leased to Smokeshield Pty Ltd until November 2026 with options, generating $81,120 per annum plus GST and outgoings, with 4% annual escalations and market review provisions. Located in Melbourne’s South East, the asset offers excellent arterial connectivity and strong amenity support.
Sale Notes
Knight Frank presents an outstanding investment opportunity within a boutique industrial development in Melbourne’s thriving south-eastern corridor. This securely leased asset delivers an impressive return of approximately 6% and is positioned just off Princes Highway, offering unrivaled access to major arterials including the M1 Freeway. Benefiting from proximity to significant amenities such as Aldi and Ouson Plaza located directly opposite, this property ensures convenience and value for occupants and future tenants alike.
The property features a flexible layout comprising a dual-level office/showroom fitted with air conditioning, a mix of open-plan workspace, and partitioned offices complemented by meeting areas. The adjoining warehouse area offers a clearance of approximately 6.7 meters and includes an automatic roller door for efficient loading. Additional practical benefits include five on-site car parks, a security-gated entry to the development, and a rooftop solar system reducing operational costs.
Currently leased to Smokeshield Pty Ltd until November 2026 (with options), the property is supported by structured annual rental increases and market review clauses, making this an ideal passive investment opportunity for those seeking income stability and capital growth potential.
+1 More
Unit 2 Interior View
Unit 2 Interior View
Unit 2 Interior View
Unit 2 Interior View
Unit 2 Interior View
Unit 2 Interior View
Property Facts
| Total Building Size | 20,333 SF | Building Class | C |
| Property Type | Flex (Condo) | Floors | 2 |
| Property Subtype | Showroom | Typical Floor Size | 10,167 SF |
| Total Building Size | 20,333 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Showroom |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 10,167 SF |
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54 Smith Rd - Building 1
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