1-8/10 Albert Avenue, Springvale, VIC 3171

An exceptionally rare opportunity to secure an entire apartment complex in one of Springvale’s most sought-after pockets, this substantial investment presents the scale, income and future potential that seldom come to market in one offering. Comprising eight well-maintained units, each with two bedrooms, one bathroom and off-street parking, all on one title. The property is currently fully tenanted, generating an annual rental income of approximately $160,000. Investors can capitalise on an established income stream while considering the longer-term possibilities offered by the substantial 849m² (approx.) allotment, including the prospect of a contemporary redevelopment (STCA).

Beyond the immediate returns, the location provides a compelling foundation for future value. Just a short walk from the vibrant heart of Springvale, residents enjoy easy access to an extensive selection of shops, cafes, restaurants and everyday essentials at Springvale Shopping Centre, along with Springvale Station just 800 metres away. Springvale Reserve, a reliable bus network, Springvale Rise Primary School and St Joseph’s Catholic Primary School are also within easy walking reach, while proximity to Westall Secondary College, Killester College, Minaret College, Monash University, Springvale Homemaker Centre and M-City Shopping Centre further strengthens its investment credentials.

Easy access to Princes Highway and the M1 Freeway enhances the property’s appeal, providing convenient connections to surrounding suburbs and Melbourne’s wider transport network.

Opportunities to acquire eight income-producing apartments on a single substantial parcel of land in such a tightly held location are exceptionally uncommon. Whether the strategy is to retain a proven rental asset, explore future redevelopment potential or secure a significant foothold in one of Melbourne’s established residential hubs, this is an offering with both immediate income and long-term possibilities.

Disclaimer: In preparing this document, we have made every effort to ensure the information provided is accurate and reliable. However, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements contained herein. Some images may have been virtually styled or digitally enhanced for illustrative purposes. Prospective purchasers are encouraged to conduct their own enquiries to verify the information provided. Purchasers should also refer to the due diligence checklist available from Consumer Affairs: https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence.