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1-3/11/11 View Road, Springvale VIC 3171

$2,300,000 - $2,500,000

Search Band Search Visibility Band

$2.3M - $2.4M High Confidence Calculated based on strong search observations.

Block of Units 9 Beds 3 Baths 6 Cars 1144 m²

Listed: 5 days ago

Updated: yesterday

Overview

This exceptional offering presents a rare chance to acquire an entire block of three well-appointed units nestled on an expansive 1,144 square metre allotment in a highly sought-after Springvale location. Providing a robust combined rental income of approximately $80,000 per annum, the property caters to investors seeking strong immediate returns alongside promising long-term capital growth potential.

Each unit is thoughtfully designed to maximize comfort and practical living. The first unit features a cohesive open plan living, dining, and kitchen space complemented by three bedrooms with built-in robes, a bathroom, separate toilet, and an external laundry. Similarly, the second unit combines open plan living with a dedicated study nook, kitchen with meals area, three bedrooms with built-in robes, bathroom, separate toilet, and external laundry access. The third unit continues this functional layout with open plan living and kitchen with meals area, three bedrooms with built-in robes, bathroom, separate toilet, and external laundry. Across all units, heating and cooling systems ensure year-round comfort, while lock-up garage facilities offer secure parking.

Strategically positioned, the location offers unparalleled convenience with proximity to Springvale Shopping Centre—a vibrant hub of retail, fresh food markets, eateries, banking, and essential services. Families benefit from nearby educational institutions including Springvale Rise Primary School, St Joseph’s Catholic Primary School, and Killester College, as well as recreational facilities such as Springvale Community Hub Playground. Excellent public transport options include local bus routes and Sandown Park Station, enhancing connectivity to greater Melbourne.

Beyond its current income-generating capacity, the substantial land parcel offers significant potential for redevelopment (subject to council approval), inviting visionary buyers to explore possibilities for a bespoke collection of luxury homes in a prime pocket of Springvale.

Robust income and long-term capital growth potential
Three spacious units with functional layouts and quality fittings
Heating, cooling, and secure garage parking throughout
Exceptional location with easy access to shops, schools, and transport
Substantial land area conducive to redevelopment opportunities (STCA)

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.