1-7/53 Royal Avenue, springvale
7 villa units, one title, 1097sqm (approx) in the heart of Springvale
An outstanding opportunity with huge capital growth potential, this group of 7 villa units on one title is Springvale's most compelling real estate offering. Occupying a 1097m2 (approx) allotment in a proposed growth zone, it presents boundless options to retain and reap rental rewards, renovate and resell, redevelop (STCA) or simply landbank in a prime location. A blue-chip investment currently returning $82,000 per annum or exceptional development site, located in the heart of Springvale, a walk to shops, schools and public transport.
Inspection by appointment
For further information text Royal to 0428 296 250
Suburb Profile springvale
Springvale is located 23 km south-east of the CBD. Springvale is a multiculturally diverse suburb in Melbourne's south-east with the highest concentration of Vietnamese in Melbourne and a strong Cambodian presence. Springvale's land uses are varied with significant commercial areas along Springvale Rd around the railway station while industrial areas occupy the north west region. The suburb also features the Springvale Shopping Centre Springvale Crematorium and Necropolis and The Sandown Racecourse and Entertainment Centre.More about this suburb