196 Springvale RoadSpringvale VIC 3171
Property Details for 196 Springvale Rd, Springvale
Last Listing description (August 2026)
CRS Property is pleased to offer 196 Springvale Road, Springvale by way of Deadline Private Sale closing Wednesday 26th August at 3.00pm
An excellent opportunity to acquire a stand-alone retail investment right in the heart of Springvale's vibrant central shopping precinct.
Key attributes:
- Exciting opportunity to secure an entry level investment positioned in one of Melbourne's busiest and tightly held shopping precinct.
- Single-level brick shop of 110 m2*
- Land Area: 167 m2*
- Rear and side laneway access providing flexibility.
- Leased to Traditional Thai Massage.
- 3 years lease from 15 July 2025 (No further terms)
- Currently returning $34,166 per annum plus GST
- Statutory outgoings payable by Tenant (except land tax)
- Zoned- Commercial 1
- Conveniently located approximately 24km south-east of Melbourne CBD.
- Excellent access to all primary arterial roads, major freeways and public transport linkages including Springvale train station which is within meters of the property.
- Ideal Affordable Investment Opportunity.
- Future Development Potential (STCA)
This is the perfect "entry point" for investors that are looking to get into the property market or an owner-occupier looking to establish your business in a high-exposure location in the near future.
For more information, please contact.
Lou Montalti 0488 553 455
Property History for 196 Springvale Rd, Springvale, VIC 3171
- 26 Aug 2026Sold
- 31 Jul 2026Listed for Sale Price on Application
- 28 Jun 2016Listed for Rent - Price not available
Recent sales nearby
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0About Springvale 3171
The size of Springvale is approximately 11.0 square kilometres. There are 14 parks, covering nearly 3.8% of the 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 11,445 properties. Over the last 5 years, Houses in Springvale have seen a 3.94% increase in median value, while Units have seen a 10.31% increase. As at 31 August 2026:
- The median value for Houses in Springvale is $901,252 while the median value for Units is $618,449.
- Houses have a median rent of $600 while Units have a median rent of $550.
Suburb Insights for Springvale 3171
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