238 Springvale RoadGlen Waverley VIC 3150
Property Details for 238 Springvale Rd, Glen Waverley
Last Listing description (August 2022)
+Established clinic specialising in women's health and IVF for over 25 years
+Secure new 5-year lease to 2027 plus options to 2037
+Situated directly opposite the $490m redeveloped 'The Glen' shopping centre and the $450m multi-tower Sky Garden residential development
+High profile freehold corner with 50m frontage, 10 car spaces and 55,000 vehicles passing daily
+Corner site zoned GRZ8 with DDO12 allowing up to 4 levels upside potential
+Fixed 3% annual rent increases
+Tenant pays all usual outgoings
+Net income: $194,145 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino - River Room
Property History for 238 Springvale Rd, Glen Waverley, VIC 3150
- 03 Aug 2022Sold for $3,950,000
- 08 Jul 2022Listed for Sale Price on Request
- 09 Jul 1993Sold for $220,000
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0About Glen Waverley 3150
The size of Glen Waverley is approximately 16.8 square kilometres. It has 53 parks covering nearly 13.2% of total area. The population of Glen Waverley in 2016 was 40327 people. By 2021 the population was 42642 showing a population growth of 5.7% in the area during that time. The predominant age group in Glen Waverley is 40-49 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation.In 2021, 69.30% of the homes in Glen Waverley were owner-occupied compared with 72.60% in 2016.
Glen Waverley has 19,903 properties. Over the last 5 years, Houses in Glen Waverley have seen a 28.62% increase in median value, while Units have seen a 15.76% increase. As at 31 January 2026:
- The median value for Houses in Glen Waverley is $1,830,025 while the median value for Units is $934,581.
- Houses have a median rent of $750 while Units have a median rent of $700.
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