One Investment Two Incomes in the heart of Springvale
agency logo

5 Sandown Road, Springvale VIC 3171

$1,050,000

RetailSize: n/a
Block size: 183 m² approx.
This Freehold investment consists of two sperate titles in one building. Two stable rental incomes from the experienced coin laundry operator and two bedroom residential unit on the first floor. The premise located in the heart of Springvale centre, walking distance to Springvale Train Station and bust Springvale Road, angle parking at the shop front and 2 private packing lots at the back of the building.

Hightlights:

- Land Size 183m2: Shop 110m2 approx + 2 bedroom Unit on level 1 85m2 approx.
- Total annum income $46,550 + GST + outgoings (Shop $23078 + Unit $23472)
- Shop lease 5 years from Feb 2024

For more Information, please contact Ricky Chan on 0430 822 612. Thanks.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Ricky Chan to learn more about this property, request an inspection or take an online tour.

Key details

Garage Spaces:
2
Property type:
Retail
Block Size:
183 *

Other Details

Lot:
1
Plan:
PS700207
Legal description:
1\PS700207
Arm Real Estate

Maps and area information

Block information
Block size: 183 (approx)
Legal description: 1\PS700207
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Property history

We couldn't find any history for this property.
See Springvale's suburb profile

Springvale suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
37 years
Population
22,174
Listing ID: 181943017. This listing has been viewed 4 times. It was first displayed on 20/09/2023 and last updated on 28/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.