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175 Waverley Road, MOUNT WAVERLEY, VIC 3149
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Property Highlights

Landmark Corner Development Opportunity in Melbourne's Popular East
  • Prominent 2,258sqm corner landholding
  • Prime and highly sought location
  • Flexible Residential 2 zoning

+Prime, 2,258sqm corner landholding with combined 90.52m* frontage to Waverley Road and Hill View Avenue

+Strategic position on major arterial road with over 29,500 vehicles passing daily

+Superb access to Monash Freeway north and southbound (395 metres), the Melbourne CBD (15km*) and Chadstone Shopping Centre (2.7kms*) +Australia’s largest and world renowned shopping centre

+Easy access to major transport links including Mount Waverley Train Station, and several bus routes

+Current holding income of $89,409.74* net pa plus GST (expiring Sept 2022) with existing tenant keen to extend

+Flexible ‘Residential 2’ Zoning under the City of Monash planning scheme allowing for an abundance of future development opportunities (STCA)

+Large selection of lifestyle amenity including Riversdale Gold Club, Valley Reserve, Mt Waverley Reserve and Sheerwood Park

+Mount Waverley median house price of $1,585,000** with 14%** growth over the past 12 months representing significant underlying land value

+City of Monash: One of Melbourne’s largest municipalities home to over 203,501 people, as well as Monash University (Australia’s largest university) and provides healthcare for a quarter of Melbourne’s population (22)

For sale by Expressions of Interest

Closing 7th September 2022 at 4:00pm (AEST)

*approx

Remember to mention you found this property on DevelopmentReady

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