663-671 Springvale RoadSpringvale South VIC 3172
Property Details for 663-671 Springvale Rd, Springvale South
Last Listing description (April 2026)
|What|
A blue-chip retail asset combining secure long-term income with significant underlying land value and future upside.
Established Drive-Thru Fast Food Asset featuring a modern restaurant and 44 on-site car spaces
Secure Long-Term Lease to 2032
2x5 Year Options through to 2042
Ultra-low site coverage (7%) providing long-term redevelopment and value-add potential (STCA)
|Where|
22km* South-East of Melbourne's CBD
Substantial 3,646sqm Corner Landholding with over 115m of dual street frontage
Exceptional Exposure to approximately 219,800 vehicles weekly
|Why|
Below-market rental profile offering significant rental uplift - currently renting at $92,944 + GST p.a.
Dominant Fast Food offering as the only national fast food operator within Springvale South
Built-In Rental Growth with fixed 3.00% annual increases
Tenant responsible for all usual outgoings
First time offered to the market in over 40 years
*Approximately
Property History for 663-671 Springvale Rd, Springvale South, VIC 3172
- 22 Apr 2026Sold
- 16 Mar 2026Listed for Sale EOI Closing 16 April 2026, 3pm (AEST)
- 04 Nov 2005Sold for $470,000
Recent sales nearby
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0About Springvale South 3172
The size of Springvale South is approximately 4.5 square kilometres. It has 11 parks covering nearly 18.3% of total area. The population of Springvale South in 2016 was 12768 people. By 2021 the population was 12766 showing a population decline of 0.0% in the area during that time. The predominant age group in Springvale South is 20-29 years. Households in Springvale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale South work in a labourer occupation.In 2021, 69.90% of the homes in Springvale South were owner-occupied compared with 71.10% in 2016.
Springvale South has 4,776 properties. Over the last 5 years, Houses in Springvale South have seen a 12.05% increase in median value, while Units have seen a 31.35% increase. As at 31 March 2026:
- The median value for Houses in Springvale South is $878,225 while the median value for Units is $645,445.
- Houses have a median rent of $605 while Units have a median rent of $550.
Suburb Insights for Springvale South 3172
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