57 Willow Ave, Springvale, VIC 3171 sold on 27 May 2025 | OnTheHouse
 
SOLD
Sold on 27 May 2025 - Price Unavailable

Willow Avenue
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 394m2
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Property Details for 57 Willow Ave, Springvale

Building Type
Commercial
Floor Size
394m2

Last Listing description (May 2025)

57 Willow Avenue is located in the final stage of the exclusive Springvale Business Park and presents a rare opportunity for one lucky purchaser to secure ownership in what has come to be known as the new benchmark for design & quality of industrial warehouses & Business Parks in Melbourne.

Offered with a strong Tenant in place, this is an outstanding opportunity for astute investors to acquire a highly sought after asset in the heart of the Springvale Industrial Precinct.

• Total building area | 394m2*

• Includes quality first floor office | 96m2*
• Rental income | $91,080 p/a^
• Fixed 3.5% annual increases
• 4 months security bond
• Internal clearance 7.5m*
• Keyless Entry + Built-in solar system (individually metered)
• Polished concrete floors & painted internal walls
• Ducted air conditioning in the office
• Remote control roller door & 3 phase power
• Seven (7) car spaces on-title
• Moments from IKEA, Bunnings, the Springvale Homemaker Centre and M-City
• Fantastic Depreciation benefits
• Industrial 1 Zone (IN1Z)

For further information please contact one of the exclusive marketing agents:

Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562
Jonathan On | 0479 003 122

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents
^ Rental income (plus GST plus outgoings) as of the 1st July 2025

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Property History for 57 Willow Ave, Springvale, VIC 3171

A timeline of how this property has performed in the market
Last Sold
27 May 2025
  • 27 May 2025
    Sold for $1,750,000
  • 04 Mar 2025
    Listed for Sale SOLD
  • 07 Jul 2021
    Sold for $1,559,493
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About 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 11,374 properties. Over the last 5 years, Houses in Springvale have seen a 18.84% increase in median value, while Units have seen a 19.17% increase. As at 31 December 2025:

  • The median value for Houses in Springvale is $981,004 while the median value for Units is $606,199.
  • Houses have a median rent of $580 while Units have a median rent of $540.
There are currently 61 properties listed for sale, and 34 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 422 properties were sold in the past 12 months in Springvale.

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Theo Karkanis
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Ray White Commercial Oakleigh
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