19/134-142 Springvale RoadSpringvale VIC 3171
Property Details for 19/134-142 Springvale Rd, Springvale
Last Listing description (September 2023)
Exceptional location close to the heart of Springvale with good access to major arterial roads this warehouse is easily accessible from Boulton St and ideally suited to several business models.
Currently leased as a Billiard Hall and Coffee shop with a rental of $33,600 pa, with an option to renew in Jan 2023 for another 5yrs with two additional 5yr terms available. The current business has operated for almost 2 years adapting the original facility to suit the current operation including an upgrade of the toilets to provide wheelchair access. The original warehouse was fitted with ducted central heating and 8 split system AC units plus all the appropriate equipment to meet current Health and safety requirements all to be maintained by the current lease, as per lease agreement. In addition, there are four non dedicated parking spaces at the front of the building and roller door access for trucks opening to the carpark area.
Property History for 19/134-142 Springvale Rd, Springvale, VIC 3171
- 10 Aug 2023Sold for $963,000
- 14 Sep 2022Listed for Sale P.O.A.
- 16 Dec 2021Transferred
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0About Springvale 3171
The size of Springvale is approximately 11.0 square kilometres. It has 14 parks covering nearly 3.8% of total area. The population of Springvale in 2016 was 21714 people. By 2021 the population was 22174 showing a population growth of 2.1% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation.In 2021, 54.70% of the homes in Springvale were owner-occupied compared with 56.20% in 2016.
Springvale has 11,396 properties. Over the last 5 years, Houses in Springvale have seen a 11.49% increase in median value, while Units have seen a 13.12% increase. As at 31 March 2026:
- The median value for Houses in Springvale is $949,199 while the median value for Units is $604,487.
- Houses have a median rent of $600 while Units have a median rent of $550.
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