423-425 SPRINGVALE ROAD, FOREST HILL
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
423-425 Springvale Road, Forest Hill is For Immediate Private Sale.