841 Princes HighwaySpringvale VIC 3171
Property Details for 841 Princes Hwy, Springvale
Last Listing description (August 2017)
A FANTASTIC OPPORTUNITY TO PURCHASE A PREMIUM RETAIL INVESTMENT PROPERTY CURRENTLY LEASED TO ZEEV KITCHENS PTY LTD SINCE 2012 BY WAY OF PUBLIC AUCTION ON WEDNESDAY THE 20TH SEPTEMBER 2017 AT 12PM ON SITE.THE PROPERTY FEATURES;- TOTAL BUILDING AREA: 230M2*- 4 ALLOCATED CAR SPACES (2 EITHER SIDE OF PROPERTY)- AIR-CONDITIONING AND HEATING- PROMINENT WHOLE BUILDING SIGNAGE AND EXPOSURE TO PRINCES HIGHWAY, SPRINGVALE ROAD, AND CENTRE ROAD- TOTAL DAILY AVERAGE PASSING VEHICLE TRAFFIC ACROSS CENTRE RD, SPRINGVALE RD AND PRINCES HWY IS 94,000 ON AVERAGE PER DAY (VIC ROADS DATA 2016)- DUAL ACCESS THAT WILL CATER TO 2 TENANCIES IN FUTURE IF REQUIREDLEASE SUMMARY;- TENANT: ZEEVE KITCHENS PTY LTD- LEASE TERM: FIVE (5) YEAR LEASE + FIVE (5) YEAR OPTION- COMMENCED: 15TH OCTOBER 2017- RENTAL RETURN: $72,161.15 PER ANNUM + OUTGOINGS AND GST- CPI ANNUAL INCREASES- TENANT IN OCCUPATION FOR THE LAST 5 YEARSTHE PROPERTY IS SITUATED ON ONE OF MELBOURNE'S BUSIEST INTERSECTIONS AND IS 26KM* FROM MELBOURNE'S CBD.*APPROX.
Property History for 841 Princes Hwy, Springvale, VIC 3171
- 26 Aug 2017Listed for Sale Not Disclosed
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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 11,372 properties. Over the last 5 years, Houses in Springvale have seen a 22.04% increase in median value, while Units have seen a 23.31% increase. As at 30 November 2025:
- The median value for Houses in Springvale is $978,248 while the median value for Units is $628,906.
- Houses have a median rent of $580 while Units have a median rent of $530.
Suburb Insights for Springvale 3171
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