8B Balmoral Avenue,
Springvale, VIC 3171
Shops & Retail
Price information
Sold
$1,130,000
Key property information
Floor area
Sold on
Map of 8B Balmoral Avenue
Prime Investment Opportunity in the heart of Springvale
VICPROP Hawthorn is pleased to present for sale 8B BALMORAL AVENUE, Springvale.
This premises is located in a well-known landmark in Springvale CBD, popular among the locals and high foot traffic, most are buy to hold, this property is not only lucrative but also offers a stable and appealing investment opportunity.
Don't miss out on this fantastic opportunity! Contact us today for more information and to arrange a viewing.
- Rental income $46,350.00 PA
- Lease from 11-Nov-2022 term 5 years + option 2 x 5 years further term
- Rent increase fixed 3% per annual
- Market review further term
- Tenant pays all outgoings (except landlord tax)
- Floor Area: 60 m2 (approx)
- Multi-storey public car parking at rear
This premises is located in a well-known landmark in Springvale CBD, popular among the locals and high foot traffic, most are buy to hold, this property is not only lucrative but also offers a stable and appealing investment opportunity.
Don't miss out on this fantastic opportunity! Contact us today for more information and to arrange a viewing.
- Rental income $46,350.00 PA
- Lease from 11-Nov-2022 term 5 years + option 2 x 5 years further term
- Rent increase fixed 3% per annual
- Market review further term
- Tenant pays all outgoings (except landlord tax)
- Floor Area: 60 m2 (approx)
- Multi-storey public car parking at rear
Property ID: 504669404Last Updated: 7 Jan 2025
8B Balmoral Avenue
Springvale, VIC 3171
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