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17-19 Balmoral Avenue, Springvale, Vic 3171

17-19 Balmoral Avenue, Springvale, Vic 3171

Retail Land/Development

  • For Sale
  • Contact Agent
  • For Sale

INCOME + POSITION + POTENTIAL = GOLDEN PLAZA

  • Strong income with significant upside
  • Prime corner position on 2,968m²* land
  • Permit for 10 level with 9,813m²* NSA

  • Land Area
  • 2968.00 m² (approx)
  • Floor Area
  • 1,866 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Aug 23, 2019
  • Car Spaces
  • 86
  • Parking Comments
  • OnSite
  • Zoning
  • Commercial 1 PLUS Planning Permit for 10 levels

Interested in this property? Contact an Agent today

Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd

Chadstone Vic 3148

Aston Commercial - MELBOURNE

Level 1, 107-111 High Street

Prahran Vic 3181

Jeremy Gruzewski

INCOME + POSITION + POTENTIAL = GOLDEN PLAZA

Colliers International and Aston Commercial are pleased to offer The Golden Plaza - a landmark investment and development opportunity situated in the tightly held and highly sought Springvale Activity Precinct.

The Golden Plaza is a bustling shopping centre which benefits from significant income. A multitude of value-add opportunities are possible including refurbishment to improve the underutilised building, rental reversion or large-scale mixed-use development (STCA).

This is an outstanding and rare proposition to add value or develop an already super-prime and iconic freehold building in one of Melbourne’s most active suburban markets.

Key investment highlights are as follows:

• Freestanding two level building of 1,865.8m²* including 14 ground floor retail shops leased to a quality mix of tenants along with a first-floor restaurant and car parking for some 86 cars*
• A rare and outstanding planning permit for a high-density mixed-use development consisting of 9,813m²* of NSA over 10 levels.
• Currently 95%* leased with demolition/re-development clauses allowing any incoming purchaser access in the short-term
• Strategic 2,968m²*

17-19 Balmoral Avenue, Springvale, Vic 3171

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