891 Springvale RoadMulgrave VIC 3170
Property Details for 891 Springvale Rd, Mulgrave
Last Listing description (September 2017)
Situated in a lively shopping strip and offering a fantastic opportunity for those looking to add to their investment portfolio or anyone wanting to start up a business, this excellent retail space is ripe for the taking.
Currently set up as an Asian takeaway eatery, this property enjoys a sizeable main shop area as well as a fully-equipped kitchen with wok burner, 2 store rooms, bathroom and a cool room. This shop also has convenient rear access and a car space.
Buyers can come in and utilise the retail space how they see fit, whether they want to continue in the food/restaurant arena or refit the shop to suit whatever business venture they have in mind. With rental returns of $2000 plus GST per month, buyers will also see this as a fantastic investment.
Inspection times and property availability are subject to change without notice. Photo identification required at inspections. Disclaimer. All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.
Property History for 891 Springvale Rd, Mulgrave, VIC 3170
- 13 Jun 2017Sold for $682,800
- 13 Apr 2017Listed for Sale $699,000
- 23 Jul 2014Listed for Rent - Price not available
Recent sales nearby
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0About Mulgrave 3170
The size of Mulgrave is approximately 10.7 square kilometres. It has 40 parks covering nearly 5.8% of total area. The population of Mulgrave in 2016 was 19368 people. By 2021 the population was 19889 showing a population growth of 2.7% in the area during that time. The predominant age group in Mulgrave is 30-39 years. Households in Mulgrave are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mulgrave work in a professional occupation.In 2021, 74.80% of the homes in Mulgrave were owner-occupied compared with 75.40% in 2016.
Mulgrave has 9,423 properties. Over the last 5 years, Houses in Mulgrave have seen a 22.06% increase in median value, while Units have seen a 13.99% increase. As at 31 March 2026:
- The median value for Houses in Mulgrave is $1,152,552 while the median value for Units is $846,077.
- Houses have a median rent of $660 while Units have a median rent of $650.
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