263 Springvale RoadGlen Waverley VIC 3150
Property Details for 263 Springvale Rd, Glen Waverley
Last Listing description (November 2022)
Cameron is pleased to exclusively present this rare Glen Waverley asset via private sale.
- Returning $550,000 pa net
- 403m2 land area
- 6 Leased residential apartments
- Rooftop terrace
- Dedicated retail and residential lifts
- 7 On-site car parks and ample street parking
- Potential to occupy the retail component
- Commercial 1 Zone
- Within the thriving Glen Waverley Major Activity Centre
- Next to the 'The Glen' shopping centre and the $450m multi-tower Sky Garden residential development
- Ability to subdivide the retail premises and apartments
- Significant uplift
- Potential to subdivide (STCA)
Retail lease details
- Tenant: Qilin Chinese Restaurant
- $338,000 per annum net
- Reviews 5% per annum
- 6 month bank guarantee
- 5 year term commencing 13/07/2022
- Two 5 year options
Contact the agents below for further information.
Property History for 263 Springvale Rd, Glen Waverley, VIC 3150
- 11 Apr 2022Listed for Sale Contact Agent
- 28 Sep 2021Listed for Sale Contact Agent
- 22 Jun 2021Listed for Rent - Price not available
Recent sales nearby
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About 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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