8 308-310 Springvale Road, Springvale, VIC 3171 | Commercial for sale | OnTheHouse
 
FOR SALE
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8 308-310 Springvale Road
Springvale VIC 3171

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Springvale Investment

Part of a group of shops at the corner of Springvale Road and St James Ave, that gain additional benefit from being next door to Woolworths Springvale and a large public carpark at the rear of the shops. Shop 8 has approximately 93m2 of floor space, features full height glazing and access doors front and rear and individual air-conditioning. A smaller paid parking area for 32 vehicles is directly behind the shop.
Currently tenanted for over one year of a three year lease the new investor has an immediate return on their investment with the current rent increased to $37,440pa with annual increases of 5% scheduled on the lease anniversary date. (01/07/2026)
To find out more this investment opportunity please contact Theresa Huynh on 0450 551 959

Property Details for 8 308-310 Springvale Rd, Springvale

Building Type
Commercial
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About Springvale 3171

The size of Springvale is approximately 11.0 square kilometres. It has 14 parks covering nearly 3.8% of 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 11,373 properties. Over the last 5 years, Houses in Springvale have seen a 20.22% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2025:

  • The median value for Houses in Springvale is $962,200 while the median value for Units is $628,440.
  • Houses have a median rent of $580 while Units have a median rent of $535.
There are currently 57 properties listed for sale, and 37 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 410 properties were sold in the past 12 months in Springvale.

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Theresa Huynh
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CENTURY 21 Theresa Huynh
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