Shop 11&12/308-310 Springvale Rd, Springvale, VIC 3171 | Commercial for sale | OnTheHouse
FOR SALE
$197K Income | 12-Storey Potential

Shop 11&12/308-310 Springvale Road
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 311m2
Land area: 339m2
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$197K Income | Springvale Activity Centre | 12-Storey Potential (STCA)

Fully leased retail investment returning approximately $197,000 per annum, secured across three established tenants with 100% outgoings recovery and structured annual rental increases.
Positioned on a high-exposure stretch of Springvale Road within the Springvale Activity Centre precinct, the property benefits from strong pedestrian activity, excellent transport connectivity, and a dense surrounding residential and commercial catchment.
Under the Victorian Government's finalised planning framework, the site is located within a designated Activity Centre area supporting increased density outcomes of up to 12 storeys (STCA), reinforcing long-term land value and strategic redevelopment potential.
This is a secure income-producing investment today, with embedded future upside supported by evolving planning controls in one of Melbourne's most active metropolitan renewal corridors.
Key Investment Highlights
• Fully leased retail investment across three established tenants
• Returning approx. $197,000 p.a.
• 100% outgoings recovery
• Strong rental growth profile via annual increases
• High-exposure Springvale Road frontage
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Property Details for Shop 11&12/308-310 Springvale Rd, Springvale

Building Type
Commercial
Floor Size
311m2
Land Size
339m2
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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 11,426 properties. Over the last 5 years, Houses in Springvale have seen a 3.02% increase in median value, while Units have seen a 7.01% increase. As at 31 July 2026:

  • The median value for Houses in Springvale is $903,599 while the median value for Units is $614,176.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 74 properties listed for sale, and 47 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 390 properties were sold in the past 12 months in Springvale.

Suburb Insights for Springvale 3171

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Jason Bertram
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Anita Meng
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.