151-153 Springvale Road
Glen Waverley, VIC 3150

Overview

A Rare and Remarkable Investment Opportunity

This property represents a rare and highly strategic opportunity to acquire a substantial landholding of approximately 1,417 square meters on a single title, located in one of Glen Waverley's most sought-after and consistently high-performing areas. It is situated within the prestigious Glen Waverley Secondary College catchment, a factor that significantly enhances its appeal.

Primarily, this offering is a premium land value investment with exceptional long-term potential. The generous size of the allotment, combined with prominent exposure to a main road and its positioning within a highly desirable school zone, makes it an ideal site for future redevelopment or a luxury residential project, subject to council approval (STCA).

Beyond its land value, the property currently generates a strong, high-yield income stream, providing immediate financial benefits while holding or planning for future development. This dual advantage makes it an attractive proposition for investors, developers, and land-bankers alike.

Key investment highlights include:

• Approximately 1,417 square meters of prime Glen Waverley land on a single title.
• Located within the highly sought-after Glen Waverley Secondary College zone, ensuring consistent demand.
• Strong holding income with a high yield return.
• Large and flexible existing improvements that provide immediate cash flow.
• Exceptional potential for future redevelopment or luxury residential use, subject to council approval (STCA).
• Convenient walking distance to Glen Shopping Centre, enhancing lifestyle and convenience.
• Potential to redevelop multiple units, subject to council approval (STCA).
• Opportunity to upgrade the property for business uses such as a rooming house or medical centre, subject to council approval (STCA).

This property offers a unique blend of immediate income generation and significant future development potential, making it a standout opportunity in the Glen Waverley market.

Location