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242-244 Springvale Road, Glen Waverley, VIC, 3150
Tenanted Investment

Property Highlights

Glen Waverley Super Site - Opposite The Glen

One of the largest parcels of land (with income) to come to market in central Glen Waverley in many years.

Savvy buyers know that few chances exist to secure assets like this.

Key tenant - Glen Waverley Medical Centre, with over 30-year legacy (one of the largest Medical Centres locally)

Total Land Holding 1,503 sqm*

Near new 5 year Lease plus options

Premier 2-level medical centre

AAA corner site opposite 'The Glen'

Significant corner site with GRZ zoning, presenting the potential for additional levels of development.

Exceptionally well-maintained two-story medical facility, with 12 consulting rooms and offering minor surgery services.

Distinguished clinic with a prestigious 30-year legacy

Secured a 5-year lease extension valid until April 2027, with options firmly in place until 2032

Solidified with 4% annual rent increases on medical

Tenant shoulders all standard outgoings

Annual net income: $280,800 plus GST

Prominent freehold property gracing a high-profile corner location, boasting an expansive 40-meter main road frontage, accommodating 22 parking spaces, and witnessing a daily traffic volume of 55,000 vehicles.

Positioned with precision, right across from the newly rejuvenated 'The Glen' shopping center, boasting a remarkable valuation of $490 million, and the eye-catching $450 million multi-tower Sky Garden residential development.

To obtain further information or to arrange an inspection, please get in touch with the exclusive selling agent, RWC Glen Waverley.

Remember to mention you found this property on CommercialReady

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STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
242-244 Springvale Road, Glen Waverley, VIC, 3150
STEP 03 Contact a finance professional

Map: 242-244 Springvale Road, Glen Waverley, VIC, 3150