8/308-310 Springvale Rd, Springvale, VIC 3171
Retail Shop
Springvale Investment
Part of a group of shops at the corner of Springvale Road and St James Ave, that gain additional benefit from being next door to Woolworths Springvale and associated with a large public carpark at the rear.
Shop 8 has approximately 93m2 of floor space, features full height glazing, access doors front and rear, and individual air-conditioning. A smaller paid parking area for 32 vehicles is directly behind the shop.
Currently tenanted for over one year of a three year lease the new investor has an immediate return on their investment with the current rent increased to $37,440pa with annual increases of 5% scheduled on the lease anniversary date. (01/07/2026)
To find out more this investment opportunity please contact Theresa Huynh on 0450 551 959
Tenant: Lady Lux De Beaute P/L
Permitted Use: Hair & Beauty Services
Lease overview
Start date: 01/07/2024 for a term of 3 years
Annual rental: $36,000 plus GST
Tenant pays all (100%) outgoings and hold appropriate insurance cover
Review date: 01/07/2025 percentage increase fixed at 4%
Review date: 01/07/2026 percentage increase fixed at 5%
Two further terms of three (3) years are available to the lease holder
Annual Review date is 01/07 of each subsequent year (2027 -2032) with a percentage increase fixed at 5%
Estimated Fees and charges as of 01/07/2024
Owners Corporation: $2,792.00
Council Rates $3,951.00
Southeast Water $1,000.00 usage dependant
Essential Safety $300.00
Fire equipment service $60.00
| Property: | Retail Shop |
| Total Building Area: | 93m² |
Open for Inspection Times:
Recent Sales in the Suburb of Springvale
Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.