Springvale

<html><body>
Springvale Business Park represents a new level of industrial warehouses for business and personal use for Melbourne, delivered by Ledlin Developments. 
Springvale Business Park has been popular amongst owner-occupiers as stage one (pictured above) sold out prior to settlement and stage two (pictured below) completely sold out well ahead of schedule. 
“<a href="https://ecomms.raywhite.com/collect/click.aspx?u=L2tPTGRCWlhwQlJ2WTF5cGVJMHB2S0VCSkZSdk9ldHZwYkM2aUxNUVZ4ZEs1TVlQd3JKVlhibzJaSTNNczhFTTQvZTZ6SEoxRGxqR1RyZ2M2dEhORDlwRm91Q1ZGYWNrQnNpYnQ2LzViSVk2YnF3UHNtcjFPb0pQSFRYSnpuRzVoMkdDSGwrTmNJUE5wR25KeUhiM2tlVFV4Qjg4TThzUkpvVUo3SkNLOWVrcERFb04xdWVqY09xa0VvVUp4VUpS&amp;rh=ff0063484712d8216bcbb805214d9a353f47436b" target="_blank">Stage two</a> has completely sold out prior to construction commencing – that gives you an idea of how popular they have been,” said Ray White agent Theo Karkanis.   “<a href="https://ecomms.raywhite.com/collect/click.aspx?u=L2tPTGRCWlhwQlJ2WTF5cGVJMHB2S0VCSkZSdk9ldHZwYkM2aUxNUVZ4ZEs1TVlQd3JKVlhibzJaSTNNczhFTTQvZTZ6SEoxRGxqR1RyZ2M2dEhORDlwRm91Q1ZGYWNrQnNpYnQ2LzViSVpWTDFKUFdCTmZsNk9RaGpKWmk4Ui96RTduRWxhUEx2RWlFWHRON0RBSEVRUXBIcnFpbEhPNkpCTmlNTFpYUVo4dVAybkNsSWxKQ0lJM1lweGp4S1lR&amp;rh=ff0063484712d8216bcbb805214d9a353f47436b" target="_blank">Stage one</a> offered investors and owner-occupiers the chance to surround themselves with complementing businesses like IKEA, Bunnings, the Springvale Homemaker Centre and M-City."   Stage two is known as Spring Boulevard.
“In a market starved of opportunities for small business premises, stage two units range from 88sqm to 198sqm.   “What's particularly interesting is the fact that 85 percent of all units purchased so far have been snapped up by owner-occupiers.    “We have some stage one options currently for lease, and have sold through stage two well ahead of schedule, so we’re very excited to see the development come to life in the coming days as settlements take place for stage one and businesses start to move in. “Stage three is also in the process of being drawn up," he said.
<img src="https://www.urban.com.au/images/2020/6/19/3_Springvale_3.JPG" alt="">
</body></html>

j.ballantyne1990-6AQqhLzZaK

Springvale Business Park stage two sold out prior to construction commencing

<html><body>
Australian Unity has paid $12,975,000 on a 7.3% yield for a fully leased office and warehouse complex at Springvale in Melbourne’s industrial south-east, in a deal brokered by Savills.
Located about 21 kilometres from Melbourne CBD, the 1651-1657 Centre Road property comprises 10,987 square metres of buildings including a 9910 square metre warehouse, and office, truck workshop and canteen components, on a 29,640 square metre site.
Savills' Chris Jones and Ben Hegerty, who negotiated the deal, said the property was sold subject to remaining lease tenure of around four years to global warehousing and freight forwarding manager, Mainfreight Distribution Pty Ltd, at an annual rental of $948,000.
Jones said the property offered secure income from a highly regarded international tenant, in an established south-eastern locality with excellent main road frontage.
Hegerty said the property last sold in February 2014 for $10.695 million to MRS/Harmony.
</body></html>

Australian Unity pays $13m for Mainfreight warehouse in Springvale

<html><body>
A milk bar with a three-bedroom house at the rear in Melbourne’s Springvale sold recently for $540,000.
According to selling agent Leyton Real Estate, the milk bar on <a href="https://www.realcommercial.com.au/property-retail-vic-springvale-501789442" target="_blank">68 View Road</a> was the perfect way to enter the Springdale commercial property market.
<img src="/images/2016/02/03/Screen%20Shot%202016-02-03%20at%203.30.48%20PM.png" alt="">
The corner property is in an area classified Business Zone 1.
It last sold in mid-2014 at $403,888 and in 1988 at $250,000.
<img src="/images/2016/02/03/Screen%20Shot%202016-02-03%20at%203.30.43%20PM.png" alt="">
The rent is $16,500 including GST with an annual increase of 4 percent per annum.
The land area is 210 square metre with a floor area of 70 sqm.
The property is on a three-year lease which started in 2014 and has options for renewals.
<img src="/images/2016/02/03/Screen%20Shot%202016-02-03%20at%203.30.54%20PM.png" alt="">
The dwelling at the rear comprises a kitchenette, separate bathroom and secured car space with rear entry.
</body></html>

Corner milk bar in Melbourne's Springvale sells for $540,000

<html><body>
As someone who grew up in the outer South East beyond Dandenong, the announcement - made yesterday by the Planning Minister - where Greater Dandenong reformed Planning Zones have been implemented has perked a fair bit of personal interest.

For more than a decade Greater Dandenong has been in and out of the planning news with many attempts to kick of the revitalisation of Central Dandenong - it comes as no surprise Greater Dandenong is one of the first cabs off the rank (<a href="http://www.gleneira.vic.gov.au/Council/Media_and_news/News/Height_limits_over_all_residentially_zoned_land" target="_blank">Glen Eira</a> was the first).  

Whilst reading <a href="http://www.theage.com.au/comment/councils-opt-for-nimby-approach-on-growth-20131106-2x1kg" target="_blank">this</a> interesting piece in The Age yesterday, I pondered what it will eventually be like to compare the various council's proposed or now gazetted new zones.  I had hoped to provide a map for Greater Dandenong similar to the Glen Eira and <a href="https://www.urban.com.au/news/reformed-planning-zones-city-of-moreland" target="_blank">Moreland</a> maps previously linked to / posted, however the community consultation material is not readily available on the web.  

Central Dandenong is one to watch: <a href="http://www.revitalisingcentraldandenong.com/cs/Satellite?c=VPage&amp;cid=1191565185337&amp;pagename=RCD%2FLayout" target="_blank">Lonsdale Street</a> works, the <a href="http://www.drumtheatre.com.au/" target="_blank">Drum Theatre</a> and a <a href="https://www.urban.com.au/forum/dandenong-revitalising-central-dandenong" target="_blank">large amount of commercial/office development and investment</a> represent a positive direction for this major South East centre.  

One notable aspect of the press release, below, is the rezoning of the <a href="http://www.estate1.com.au/" target="_blank">"Estate One" </a>area in Dandenong South - the area made famous by manufacturing in the 1950s.  Past and present Pakenham train line commuters will recognise the location as being right next door to the now closed General Motors station, time to re-assess the station's closure?  

Planning Minister's Media Release in full:

<p style=" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;"><a href="http://www.scribd.com/doc/182275632/131107-Guy-New-residential-zones-for-Dandenong-pdf" style="text-decoration: underline;" title="View 131107 Guy - New residential zones for Dandenong.pdf on Scribd">131107 Guy - New residential zones for Dandenong.pdf</a>

<iframe class="scribd_iframe_embed" data-aspect-ratio="undefined" data-auto-height="false" frameborder="0" height="600" id="doc_77694" scrolling="no" src="//www.scribd.com/embeds/182275632/content?start_page=1&amp;view_mode=scroll&amp;show_recommendations=true" width="100%"></iframe>

As further details emerge, I'll update this post.
</body></html>

Springvale

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Springvale

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News