SPRINGVALE 907A PRINCES HIGHWAY
FOR SALE VIA PUBLIC AUCTION
THURSDAY 20TH MARCH 2025 AT 1PM
Introduction
Crabtrees Real Estate in conjunction with Buxton Oakleigh, are excited to offer 907a Princes Highway, Springvale for Sale via Public Auction on Thursday 20th March 2025 at 1pm.
This versatile 415sqm Warehouse/Showroom sits on a 935sqm Industrial 1 freehold allotment, offering exceptional exposure and functionality for owneroccupiers or investors.
Superbly positioned on Princes Highway, this property provides a strategic location with 27.66 meters of prime frontage, ensuring high visibility and accessibility.
Exclusive Selling Agents
PANA KRITIKOS
Associate Director 0418 358 700 pana@crabtrees.com.au
CHRISTOS SPANOS
Executive 0411 650 185 cspanos@crabtrees.com.au
JOHN SERVINIS Director 0418 575 165 john.servinis@buxton.com.au
GARY TERZAKIS Executive 0409 933 358 gary.t@buxton.com.au
Executive Summary
PROPERTY ADDRESS 907a Princes Highway, Springvale VIC 3171
METHOD OF SALE
PROPERTY OVERVIEW
Public Auction
Versatile 415sqm* Warehouse/Showroom sitting on a 935sqm* Industrial 1 freehold allotment.
BUILDING AREA 415m2*
LAND AREA 935m2*
LAND & TITLE PARTICULARS
ZONING
TENANT
TERMS OF SALE
Lot 1A on Title Plan 026543M. Volume 09752 Folio 948
The Title and site plan is included in Appendix 1
The land is zoned Industrial 1 under the Greater Dandenong Planning Scheme allowing for a broad range of potential uses.
Vacant Possession
10% deposit payable with full settlement payable either 30, 60 or 90 days.
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
Property Overview
RARE MAIN ROAD OPPORTUNITY!
Superbly positioned along Princes Highway, the property comprises of an allotment of approx. 935sqm, offering a versatile Warehouse/Showroom of approx. 415sqm.
Ready for immediate occupancy provides a great opportunity for Owner Occupiers looking to situate themselves in an un-beatable location with immense exposure.
PROPERTY KEY FEATURES:
• 415 sqm* Warehouse / Showroom
• 935 sqm* Industrial 1 freehold land holding
• Terrific car parking and loading area
• 27.66 meters* of Princes Highway frontage
• Generous power supply
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
Comparable Sales
50
Sale Date | December 2024
Sale Price | $1,610,000
Method of Sale | Private Sale
Building Size | 531m2
Land Size | 726m2
Building Price per m2 | $3,032
55
Sale Date | July 2024
Sale Price | $1,600,000
Method of Sale | Private Sale
Building Size | 407m2
Land Size | 702m2
Building Price per m2 | $3,931.20
6 WESTALL ROAD, SPRINGVALE
Sale Date | January 2025
Sale Price | $1,975,000
Method of Sale | Private Sale
Land Size | 1,212m2
Land Price per m2 | $1,975
Notes: Sold on a 5.05% yield.
57 SARTON ROAD, CLAYTON
Sale Date | June 2024
Sale Price | $1,980,000
Method of Sale | Auction
Building Size | 609m2
Building Price per m2 | $3,251.23
Land Size | 747m2
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
40 & 42
Sale Date | February 2024
Sale Price | $3,600,000
($1.800,000 each)
Building Size | 1,062m2
Land Size | 1,372m2
Building Price per m2 | $3,389 each
RENVER ROAD, CLAYTON
CAMBRO ROAD, CLAYTON
CAMBRO ROAD, CLAYTON
Property Images
Location
The subject property is located in Springvale, one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
Prominently positioned on Princes Highway within close proximity to Centre Road, Springvale Road and EastLink, 907a Princes Highway provides unrivalled connectivity to greater Melbourne.
Springvale Homemaker Centre is located just 260 metres from the subject property, a one-stop shopping experience for inspired and improved living. With 27 specialty stores including Harvey Norman, Domayne, Adairs, Nick Scali, JB Hi-Fi and Forty Winks, it’s the place to go for a big choice of quality furniture, homewares, bedding, electrical and more.
Bunnings Warehouse is located nearby on Princes Highway, an Australian household hardware and garden centre chain.
Furthermore, M-City Shopping Centre, the largest mixed use development in Melbourne, is located just 900 metres from the subject property. With 3 residential towers, a PARKROYAL Hotel, retail precinct and office space, this diverse offering attracts people from near and far.
Zoning
The subject property is zoned Industrial Zone 1 under the Greater Dandenong Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.
Method of Sale Auction
907a Princes Highway, Springvale is being offered for sale via Public Auction on Thursday 20th March 2025 at 1pm.
To arrange a private inspection please contact the exclusive selling agents.
The property is offered for sale on the basis of: DEPOSIT: 10% of the agreed purchase price payable upon signing the Contract of Sale.
The Vendor will require full settlement of the sale upon 30, 60 or 90 days from date of Exchange of Contracts.
PANA KRITIKOS
Associate Director 0418 358 700 pana@crabtrees.com.au
CHRISTOS SPANOS Executive 0411 650 185 cspanos@crabtrees.com.au
JOHN SERVINIS Director 0418 575 165 john.servinis@buxton.com.au
GARY TERZAKIS Executive 0409 933 358 gary.t@buxton.com.au
Annexure 1
Title & Plan of Subdivision
Copyright State of Victoria. No part of this publication may be reproduced except as permitted by the Copyright Act 1968 (Cth), to comply with a statutory requirement or pursuant to a written agreement. The information is only valid at the time and in the form obtained from the LANDATA REGD TM System. None of the State of Victoria, its agents or contractors, accepts responsibility for any subsequent publication or reproduction of the information.
The Victorian Government acknowledges the Traditional Owners of Victoria and pays respects to their ongoing connection to their Country, History and Culture. The Victorian Government extends this respect to their Elders, past, present and emerging.
REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958
VOLUME 10359 FOLIO 091
LAND DESCRIPTION
Security no : 124121775573A
Produced 05/02/2025 03:52 PM
Lot 1A on Registered Plan of Strata Subdivision 026543M.
PARENT TITLES :
Volume 09752 Folio 947 to Volume 09752 Folio 948
Created by instrument U985296C 09/12/1997
REGISTERED PROPRIETOR
Estate Fee Simple TENANTS IN COMMON
As to 1 of a total of 3 equal undivided shares
Joint Proprietors
GIUSEPPE AURELIO IANNARELLA
AGATA IANNARELLA both of 13 HONEYSUCKLE WAY CHIRNSIDE PARK VIC 3116
As to 1 of a total of 3 equal undivided shares
Sole Proprietor
FABRIZIO IANNARELLA of 26 BELGRAVE ROAD MALVERN EAST VIC 3145
As to 1 of a total of 3 equal undivided shares
Sole Proprietor
PATRICIA FABRICS PTY LTD of 19 SELBY STREET MOUNT WAVERLEY VIC 3149
AY617198F 21/11/2024
ENCUMBRANCES, CAVEATS AND NOTICES
Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 24 Subdivision Act 1988 or Section 12 Strata Titles Act 1967 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.
DIAGRAM LOCATION
SEE SP026543M FOR FURTHER DETAILS AND BOUNDARIES
ACTIVITY IN THE LAST 125 DAYS
NUMBER STATUS DATE
AY513732R CONVERT A PCT TO AN ECT Completed 21/10/2024
AY585324B (E) NOMINATION TO PAPER INST. Completed 12/11/2024
AY617198F TRANSFER Registered 22/11/2024
------------------------END OF REGISTER SEARCH STATEMENT------------------------
Additional information: (not part of the Register Search Statement)
Street Address: 907A PRINCES HIGHWAY SPRINGVALE VIC 3171
ADMINISTRATIVE NOTICES
NIL
eCT Control 19590S RUSSO PELLICANO CARLEI
Effective from 22/11/2024
OWNERS CORPORATIONS
The land in this folio is affected by OWNERS CORPORATION PLAN NO. SP026543M
