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Prime Fully Leased Retail Investment with Enormous Future...

423-425 Springvale Road, FOREST HILL VIC, 3131

Sold

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

Listing ID:
11316796
Status:
Sold
Last Updated:
12/12/2019
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Property Type

Retail/Showrooms/Bulky Goods/Land/Development
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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 48, 80 Collins Street, Melbourne, VIC 3000


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