663-671 Springvale RoadSpringvale South VIC 3172
Property Details for 663-671 Springvale Rd, Springvale South
Last Listing description (May 2026)
Ray White Retail are proud to present Red Rooster Springvale South. For sale by Expressions of Interest closing Thursday 16th April at 3pm (AEST)
|What|
A blue-chip retail asset combining secure long-term income with significant underlying land value and future upside.
Head Office Lease to Red Rooster, occupying the site for over 33 years
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
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About Springvale South 3172
The size of Springvale South is approximately 4.5 square kilometres. There are 11 parks, covering nearly 18.3% of the 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 4,796 properties. Over the last 5 years, Houses in Springvale South have seen a 4.54% increase in median value, while Units have seen a 21.33% increase. As at 30 June 2026:
- The median value for Houses in Springvale South is $850,177 while the median value for Units is $652,889.
- Houses have a median rent of $650 while Units have a median rent of $560.
Suburb Insights for Springvale South 3172
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