×
SOLD

423-425 Springvale Road, FOREST HILL, VIC 3131

Development Potential
DETAILS

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.com.au

DEVELOPMENT SITE SUMMARY
SOLD:
TITLE:
Contact Agent
Property Area
AREA:
1562 m² (*approx)
Property Type
TYPE:
Commercial, Office, Office
Development Potential
DEVELOPMENT APPROVAL:
Commercial development opportunity (STCA)

Due Diligence Tool

423-425 Springvale Road, FOREST HILL, VIC 3131

Download your free DistrictData site summary to obtain:

  • Site Summary
  • Development Pipeline
  • Recent Transactions (where available)
  • Surrounding Amenity
Download Report
AGENCY DETAILS
SUBURBS AROUND THIS AREA
Enquire Now