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879 Springvale Rd 1,108 SF Retail Condo Unit Offered at $633,248 in Mulgrave, VIC 3170



Investment Highlights
- High-visibility location along Springvale Road with strong daily traffic counts.
- Surrounded by major national retailers including Bunnings, Dulux, and Coles within 200 meters.
- Positioned near the intersection of Springvale Road and Princes Highway for excellent connectivity.
Executive Summary
The property is located within the Mulgrave commercial precinct along Springvale Road, near its intersection with Princes Highway. Public transport is accessible via nearby bus stops, and the property is approximately 1.7 km from Westall Railway Station. The site is within the Monash local government area and is zoned Mixed-Use.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 7\PS532768 |
| No. Parking Spaces | 4 |
| Sale Type | Owner User |
| No. Parking Spaces | 4 |
| APN/Parcel ID | 7\PS532768 |
Description
The property is located within the Mulgrave commercial precinct along Springvale Road, near its intersection with Princes Highway. Public transport is accessible via nearby bus stops, and the property is approximately 1.7 km from Westall Railway Station. The site is within the Monash local government area and is zoned Mixed-Use.
Sale Notes
This retail property offers an exceptional opportunity for owner-occupiers seeking a high-exposure location in Melbourne’s southeast. Positioned along Springvale Road, one of the city’s busiest arterial routes, the property benefits from significant daily traffic and strong visibility. Located near the intersection of Springvale Road and Princes Highway, the site provides seamless connectivity to major transport corridors, ensuring convenient access for customers and staff.
The property features a well-presented retail space with abundant natural light and four on-title car parks, enhancing convenience for both staff and visitors. Prominent signage opportunities along Springvale Road further amplify brand exposure. Zoned Mixed-Use (MUZ), the property offers flexibility for a range of commercial uses, making it suitable for retail, service, or specialty businesses.
The surrounding precinct is anchored by major national retailers such as Bunnings Warehouse, Dulux, and Coles, all within approximately 200 meters, driving consistent foot traffic and creating a thriving commercial environment. This is a rare chance to secure a property in a tightly held location with strong fundamentals and long-term growth potential.
The property features a well-presented retail space with abundant natural light and four on-title car parks, enhancing convenience for both staff and visitors. Prominent signage opportunities along Springvale Road further amplify brand exposure. Zoned Mixed-Use (MUZ), the property offers flexibility for a range of commercial uses, making it suitable for retail, service, or specialty businesses.
The surrounding precinct is anchored by major national retailers such as Bunnings Warehouse, Dulux, and Coles, all within approximately 200 meters, driving consistent foot traffic and creating a thriving commercial environment. This is a rare chance to secure a property in a tightly held location with strong fundamentals and long-term growth potential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4 | 1,108 SF | Retail | $633,248 ($571.52/SF) | - |
Unit 4
| Unit Size |
| 1,108 SF |
| Condo Use |
| Retail |
| Price |
| $633,248 ($571.52/SF) |
| NOI |
| - |
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Unit 4
| Unit Size | 1,108 SF |
| Condo Use | Retail |
| Price | $633,248 ($571.52/SF) |
| NOI | - |
| Sale Type | Owner User |
| No. Parking Spaces | 4 |
| APN/Parcel ID | 7\PS532768 |
| Description | |
| The property is located within the Mulgrave commercial precinct along Springvale Road, near its intersection with Princes Highway. Public transport is accessible via nearby bus stops, and the property is approximately 1.7 km from Westall Railway Station. The site is within the Monash local government area and is zoned Mixed-Use.</li></ul> | |
| Sale Notes | |
| This retail property offers an exceptional opportunity for owner-occupiers seeking a high-exposure location in Melbourne’s southeast. Positioned along Springvale Road, one of the city’s busiest arterial routes, the property benefits from significant daily traffic and strong visibility. Located near the intersection of Springvale Road and Princes Highway, the site provides seamless connectivity to major transport corridors, ensuring convenient access for customers and staff.<br> <br> The property features a well-presented retail space with abundant natural light and four on-title car parks, enhancing convenience for both staff and visitors. Prominent signage opportunities along Springvale Road further amplify brand exposure. Zoned Mixed-Use (MUZ), the property offers flexibility for a range of commercial uses, making it suitable for retail, service, or specialty businesses.<br> <br> The surrounding precinct is anchored by major national retailers such as Bunnings Warehouse, Dulux, and Coles, all within approximately 200 meters, driving consistent foot traffic and creating a thriving commercial environment. This is a rare chance to secure a property in a tightly held location with strong fundamentals and long-term growth potential.</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 | 10,947 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,947 SF |
| Property Subtype | Storefront | Lot Size | 0.53 AC |
| Building Class | C | Parking Ratio | 4.09/1,000 SF |
| Total Building Size | 10,947 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,947 SF |
| Lot Size | 0.53 AC |
| Parking Ratio | 4.09/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
1 1
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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879 Springvale Rd
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