2 Windsor Avenue, Springvale, VIC 3171 | Commercial for sale | OnTheHouse
 
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2 Windsor Avenue
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 470m2
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Four Shops in Central Springvale

A prime Springvale location on Windsor Ave this cluster of shops sees a high volume of vehicle and foot traffic daily with two shops catering for lunch and evening dinners. Overall, the current annual return of approximately $177,453.48 pa (including GST) offering the investor an opportunity to add a steady income to their portfolio. All tenants are partway through their 3-year term leases all have a remaining term of 3 years available to them. All leases contain similar terms as per nominal commercial leases with outgoings covered by the tenants and annual rent increases fixed at either 3% or 3.5%
Land size per shop varies from 100 - 142m2 with google maps showing an area of approximately 470m2 combined, to be confirmed later.
Springvale is a popular multi-cultural suburb, its CBD providing goods and services for many nationalities with the addition of annual cultural events drawing in people from other areas of Melbourne.
2A Co Nam Tra Vinh Vietnamese Restaurant
3yr from 1/3/24 – 27 plus 1 term of 3 yrs available 3.5% pa
Rent 3/26 $4628.40pcm inc GST or $ 55,536 annum
Approx Land 148m2, Building 80m2
In 2024 the following cost were payable including GST
Build Ins $3222.77 pa
Council Rates $3639.30 pa
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Property Details for 2 Windsor Ave, Springvale

Building Type
Commercial
Land Size
470m2
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About Springvale 3171

The size of Springvale is approximately 11.0 square kilometres. There are 14 parks, covering nearly 3.8% of the total area. The population of Springvale in 2016 was 21714 people. By 2021 the population was 22174 showing a population growth of 2.1% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation.In 2021, 54.70% of the homes in Springvale were owner-occupied compared with 56.20% in 2016.

Springvale has 11,392 properties. Over the last 5 years, Houses in Springvale have seen a 8.58% increase in median value, while Units have seen a 11.89% increase. As at 30 April 2026:

  • The median value for Houses in Springvale is $946,717 while the median value for Units is $612,453.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 77 properties listed for sale, and 38 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 401 properties were sold in the past 12 months in Springvale.

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