8 Yiannis CourtSpringvale VIC 3171
Property Details for 8 Yiannis Ct, Springvale
Last Listing description (October 2023)
Crabtrees Real Estate are pleased to offer to the market this securely leased investment located at 8 Yiannis Court, Springvale For Private Sale.
The property is currently leased to Emu Joe's Pty Ltd trading as Club 8 Springvale on a secure 5-year lease until October 2024 with one (1) further five (5) year option. Rent is returning $140,523.65
Located in this tightly held Springvale industrial precinct, this well-established business has been operating from this same location since 1997 and was awarded Best Brothel in Australia in 2019.
Situated and surrounded by the Springvale Homemaker Centre and high end retailers such as Ikea and Bunnings, 8 Yiannis Court is also located in close proximity to Westall Road and Dandenong Road/Springvale Road junctions with easy access to Monash M1 Freeway.
INVESTMENT FEATURES:
+ 5 x 5 x 5-year lease from October 2014
+ Currently returning $140,523.65 per annum (net)
+ Annual increases of 4%
PROPERTY FEATURES:
+ Total building area of approximately 500 sqm*
+ Front reception with large waiting area
+ 6 professionally fitted rooms all with showers and 2 rooms with spas
+ Air conditioned and heated throughout
+ Securely gated car parking
+ Security and camera system
+ 10Kw solar system with 42 roof panels
+ Close to shops & public transport
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Property History for 8 Yiannis Ct, Springvale, VIC 3171
- 09 Sep 2025Sold for $1,750,000
- 26 Jun 2023Listed for Sale CONTACT AGENT
- 17 Oct 2009Listed for Sale $2,000,000
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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 11,384 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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