1. Home
  2. »
  3. Sold Properties
  4. »
  5. Prime Fully Leased Retail Investment with Enormous Future...

423-425 Springvale Road, FOREST HILL VIC, 3131

Sold
https://dduaaywsz-res-3.cloudinary.com/image/upload/v1576107359/jctatl3nqcnevv6twlx3.jpg

Property Sold in 423-425 Springvale Road, FOREST HILL VIC, 3131

Listing ID:
11316796
Status:
Sold
Last Updated:
12/12/2019
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Land/Development
Icon square

Land Area

1562 SQM
Icon size

Floor Area

1010 SQM
Icon parking

Parking

N/A

Prime Fully Leased Retail Investment with Enormous Future Upside!

Savills is delighted to offer for sale this prime fully leased retail investment situated on a major Commercial 1 Zoned landholding at 423-425 Springvale Road, Forest Hill. This property represents a fantastic opportunity to acquire a prominent, fully leased asset situated in a tightly held retail pocket, and is offered for the first time in 27 years!

The key attributes of this fantastic property include:

A Premium Investment Opportunity
- High profile, fully leased retail investment
- Comprises two-level retail building with 3 shops including Subway, plus large restaurant
- Current Net Rental: $177,395 * + outgoings & GST
- Significant rental upside potential
- Includes 28 on-site car spaces
- Part of busy retail village including Chemist Warehouse and Shell/Coles Express

An Exciting Future!
- Major landholding of 1,562sq m*
- Highly sought after Commercial 1 Zone
- Extensive and valuable 39m* retail frontage
- Current planning parameters providing for development height of at least 5 levels (STCA)
- Highly sought after eastern suburbs location, close to Forest Hill Chase Shopping Centre & Box Hill

For Immediate Private Sale

Jesse Radisich - 0402 085 702
Mark Stafford - 0404 401 053
Glenn Ye - 0476 938 888

*Approx.

For more details, please email agent

Savills Melbourne

Level 29, South Tower, 80 Collins Street, , Melbourne, VIC 3000


More properties from Savills Melbourne
Sold
4 Shakespeare Grove, ST KILDA VIC, 3182

4 Shakespeare Gro...

RetailOfficesShowrooms/Bulky Goods
Sold
26-32 King Street, MELBOURNE VIC, 3000

26-32 King Street...

OfficesRetailLand/Development
Sold
1 Cooloongatta Road, CAMBERWELL VIC, 3124

1 Cooloongatta Ro...

Land/DevelopmentLand/Development
For Sale
272 Warrigal Road, GLEN IRIS VIC, 3146

272 Warrigal Road...

Land/DevelopmentLand/Development
Sold
5-7 Guest Street, HAWTHORN VIC, 3122

5-7 Guest Street,...

OfficesRetailOther
Sold
50-52 Smith Street, COLLINGWOOD VIC, 3066

50-52 Smith Stree...

RetailOfficesLand/Development
More properties from Forest Hill
Leased
75 Jolimont Road, FOREST HILL VIC, 3131

75 Jolimont Road,...

Retail
Leased
17 Mahoneys Road, FOREST HILL VIC, 3131

17 Mahoneys Road,...

RetailOfficesMedical/Consulting
Leased
411 Springvale Road, FOREST HILL VIC, 3131

411 Springvale Ro...

Retail
Leased
21 Brentford Square, FOREST HILL VIC, 3131

21 Brentford Squa...

RetailOfficesHotel/Leisure
Leased
65 Mahoneys Road, FOREST HILL VIC, 3131

65 Mahoneys Road,...

OfficesRetail
Leased
67 Mahoneys Road, FOREST HILL VIC, 3131

67 Mahoneys Road,...

OfficesRetailHotel/Leisure
Loading...