310 Springvale RoadForest Hill VIC 3131
Property Details for 310 Springvale Rd, Forest Hill
Last Listing description (May 2023)
Burgess Rawson is pleased to offer to the market, 310-312 Springvale Road, Forest Hill VIC for sale via our Investment Portfolio Auction 160.
This opportunity has the following key investment highlights:
+ Secure 15 year net lease to Montessori Academy to 2036.
+ Montessori Academy: long-standing and successful business with a network of 40+ childcare centres across Australia and China.
+ Annual fixed 3% rent increases.
+ Tenant pays all usual outgoings.
+ Impressive childcare centre licenced for 96 LDC places.
+ As new construction offering significant depreciation benefits.
+ Significant 1,390sqm landholding fronting Springvale Road, a key activity precinct servicing many local businesses and providing a north to south connection from Doncaster East to Edithvale, whilst providing exposure to 53,000+ passing vehicles daily.
+ Situated amongst significant educational precinct 10 schools within 2 kilometre radius.
+ Conveniently located 580 metres from Forest Hill Chase, a three-level major regional shopping centre anchored by Coles, Woolworths, Big W, Target, ALDI, HOYTS and AMF Bowling, and supported by 131 specialty retailers. The site is also within close proximity from the Harvey Norman-anchored Nunawading Home HQ, and Brentford Square Shopping Centre, underpinned by Woolworths.
+ City of Whitehorse: popular family-oriented municipality home to 180,340 residents, forecast to increase over 23% by 2041.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.
+ Net Income: $350,762 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne
*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property History for 310 Springvale Rd, Forest Hill, VIC 3131
- 10 May 2023Sold for $6,900,000
- 17 Apr 2023Listed for Sale Price on Request
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0About Forest Hill 3131
The size of Forest Hill is approximately 4.1 square kilometres. It has 12 parks covering nearly 8.5% of total area. The population of Forest Hill in 2016 was 10626 people. By 2021 the population was 10780 showing a population growth of 1.4% in the area during that time. The predominant age group in Forest Hill is 40-49 years. Households in Forest Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Hill work in a professional occupation.In 2021, 70.80% of the homes in Forest Hill were owner-occupied compared with 70.10% in 2016.
Forest Hill has 5,474 properties. Over the last 5 years, Houses in Forest Hill have seen a 19.89% increase in median value, while Units have seen a 24.22% increase. As at 28 February 2026:
- The median value for Houses in Forest Hill is $1,227,008 while the median value for Units is $871,471.
- Houses have a median rent of $650 while Units have a median rent of $590.
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