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SOLD

423-425 Springvale Road, FOREST HILL, VIC 3131

Properties / Sold / Victoria / Forest Hill

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

1,562 m² (*approx)

Selling Method

SOLD: Contact Agent

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2. Property Highlights

Prime Fully Leased Retail Investment with Enormous Future Upside!

SOLD

Savills is delighted to offer for sale this prime fully leased retail investment situated on a major Commercial 1 Zoned landholding at 423-425 Springvale Road, Forest Hill. This property represents a fantastic opportunity to acquire a prominent, fully leased asset situated in a tightly held retail pocket, and is offered for the first time in 27 years!

The key attributes of this fantastic property include:

A Premium Investment Opportunity

- High profile, fully leased retail investment

- Comprises two-level retail building with 3 shops including Subway, plus large restaurant

- Current Net Rental: $177,395 * + outgoings & GST

- Significant rental upside potential

- Includes 28 on-site car spaces

- Part of busy retail village including Chemist Warehouse and Shell/Coles Express

An Exciting Future!

- Major landholding of 1,562sq m*

- Highly sought after Commercial 1 Zone

- Extensive and valuable 39m* retail frontage

- Current planning parameters providing for development height of at least 5 levels (STCA)

- Highly sought after eastern suburbs location, close to Forest Hill Chase Shopping Centre & Box Hill

For Immediate Private Sale

Jesse Radisich - 0402 085 702

Mark Stafford - 0404 401 053

*Approx.

Remember to mention you found this property on DevelopmentReady

Property Type

Commercial

Land Area

1,562 m² (*approx)

Selling method

SOLD: Contact Agent

2. Property Highlights

Prime Fully Leased Retail Investment with Enormous Future Upside!

SOLD

The key attributes of this fantastic property include:

A Premium Investment Opportunity

- High profile, fully leased retail investment

- Comprises two-level retail building with 3 shops including Subway, plus large restaurant

- Current Net Rental: $177,395 * + outgoings & GST

- Significant rental upside potential

- Includes 28 on-site car spaces

- Part of busy retail village including Chemist Warehouse and Shell/Coles Express

An Exciting Future!

- Major landholding of 1,562sq m*

- Highly sought after Commercial 1 Zone

- Extensive and valuable 39m* retail frontage

- Current planning parameters providing for development height of at least 5 levels (STCA)

- Highly sought after eastern suburbs location, close to Forest Hill Chase Shopping Centre & Box Hill

For Immediate Private Sale

Jesse Radisich - 0402 085 702

Mark Stafford - 0404 401 053

*Approx.

Remember to mention you found this property on DevelopmentReady

423-425 Springvale Road, FOREST HILL, VIC 3131 Forest Hill

Savills - VIC

Level 29, South Tower, 80 Collins Street, Melbourne, VIC, 3000

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Julian Heatherich

+61 *** *** *** show +61 412 995 655

Benson Zhou

+61 *** *** *** show +61 458 488 888

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Residential

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Agriculture/Rural

Mixed Use

423-425 Springvale Road, FOREST HILL, VIC 3131