423-425 SPRINGVALE ROAD, FOREST HILL

423-425 Springvale rd, forest hil.jpg
 

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.

*Approx

 

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