54 Smith Rd - Building 1 4,822 SF Flex Condo Unit in Springvale, VIC 3171

The property forms part of a boutique development near Princes Highway, featuring dual-level office/showroom space and a small high-clearance warehouse of approximately 6.7 meters. Additional features include on-site parking, a security gate, automatic roller door, and a rooftop solar system. The premises is fully leased to Smokeshield Pty Ltd until November 2026 with options, generating $81,120 per annum plus GST and outgoings, with 4% annual escalations and market review provisions. Located in Melbourne’s South East, the asset offers excellent arterial connectivity and strong amenity support.

Knight Frank presents an outstanding investment opportunity within a boutique industrial development in Melbourne’s thriving south-eastern corridor. This securely leased asset delivers an impressive return of approximately 6% and is positioned just off Princes Highway, offering unrivaled access to major arterials including the M1 Freeway. Benefiting from proximity to significant amenities such as Aldi and Ouson Plaza located directly opposite, this property ensures convenience and value for occupants and future tenants alike.
The property features a flexible layout comprising a dual-level office/showroom fitted with air conditioning, a mix of open-plan workspace, and partitioned offices complemented by meeting areas. The adjoining warehouse area offers a clearance of approximately 6.7 meters and includes an automatic roller door for efficient loading. Additional practical benefits include five on-site car parks, a security-gated entry to the development, and a rooftop solar system reducing operational costs.
Currently leased to Smokeshield Pty Ltd until November 2026 (with options), the property is supported by structured annual rental increases and market review clauses, making this an ideal passive investment opportunity for those seeking income stability and capital growth potential.