425 Springvale RoadForest Hill VIC 3131
Property Details for 425 Springvale Rd, Forest Hill
Last Listing description (March 2019)
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
- 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.
Property History for 425 Springvale Rd, Forest Hill, VIC 3131
- 11 Dec 2018Sold for $3,500,000
- 11 Sep 2018Listed for Sale Not Disclosed
- 17 Feb 1997Sold for $350,000
Recent sales nearby
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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 5,476 properties. Over the last 5 years, Houses in Forest Hill have seen a 28.74% increase in median value, while Units have seen a 10.53% increase. As at 30 November 2025:
- The median value for Houses in Forest Hill is $1,258,166 while the median value for Units is $768,017.
- Houses have a median rent of $650 while Units have a median rent of $580.
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