286-288 Springvale Road, SPRINGVALE VIC 3171

Aston are pleased to present 286-288 Springvale Road, Springvale by Expressions of Interest closing Wednesday 28 October at 3pm.

The opportunity:

Commanding a corner position within the Springvale Activity Centre, this is a rare opportunity to secure a diversified, income-producing retail investment anchored by ANZ plus four (4) established tenancies, with the flexibility to purchase individually or as a combined holding. Backed by long term leases to established tenants and future development upside (STCA), the offering appeals equally to investors seeking secure income and developers targeting the site’s future potential.

Title 1: 286 Springvale Road (ANZ)

• Corner-positioned freehold
• Two-storey building
• Income of $163,000 pa* + GST
• Reviews: 3% annual increases
• Terms: Recently renewed three (3) year lease plus options
• Tenant pays 100% of all building outgoings
• Land area of 306m²*
• Building area of 359m²*
• Road frontage of 39m*

Title 2: 288 Springvale Road (4 tenancies)

• Combined income of $198,850 pa* + GST
• Land area of 860m²*
• Building area of 712m²*
• Various lease terms ranging from five (5)* to seven (7)* years plus option

Location:

Positioned on Springvale's thriving commercial precinct and proximity to Springvale Central and Springvale Shopping Centre, the property sits moments from Woolworths, Chemist Warehouse, and fellow major banks NAB, Westpac and Commonwealth Bank.

Public transportation adds convenient access to the site with a bus stop located directly in front of the property and Springvale train station just 400m* away.

Contact the exclusive agents for the information memorandum.

*approximate