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213-215 Blackburn Road, Mount Waverley
Stop choosing between today's returns and tomorrow's growth - 213-215 Blackburn Road Mount Waverley has both!
This Commercial 1 (C1Z) Zoned property is leased to a high-performing F&B tenant, generating a NET annual income of $238,702 plus recoverable outgoings.
This is a rare opportunity to acquire a premier commercial asset that delivers both substantial, immediate cash flow and significant future development potential.
Key Investment Highlights:
Secure Net Income: $238,702.50 p.a. + GST
Hassle-Free Net Lease: Tenant pays all outgoings (excluding Land Tax).
Secure Tenancy: Leased until October 2028 with further options.
Substantial Landholding: 1,017 m² in a prime location.
Favourable Zoning: Flexible Commercial 1 Zone (C1Z).
Prime Connectivity: Walk to train station (300m) and near Glen Shopping Precinct (2km).
Future-Proof Potential: Clear scope for a 6+ level mixed-use development (STCA).
Strategic Flexibility: Includes a development clause embedded in the lease.
For the astute investor, this is a truly passive, "set & forget" investment, with upside. You get both! Enjoy stable returns from a secure lease structure while the tenant manages the property's outgoings. It provides immediate, substantial cash flow for your portfolio.
For the Visionary Developer / Land-Banker
Get paid to plan. This is a strategic opportunity to secure a major landholding in a prime location. Let the significant passing income cover your holding costs while you design and permit your future landmark project (STCA).
The Premier Tenant Covenant
The property is leased to a highly popular and well-regarded premium restaurant, ensuring stability and reliability.
• A renowned specialist in live seafood and Cantonese cuisine, attracting diners from all over Melbourne.
• Experiences high levels of foot traffic and consistent, proven patronage.
• Occupies a landmark building with excellent exposure, acting as a major drawcard for the area.
• A professional, long-standing business known for quality and reliability.
Properties offering this perfect blend of guaranteed income, a high-calibre tenant, and tangible future value are exceptionally rare.
For Sale via Expression of Interest (EOI), Closing Friday 12 December 2025 at 4:00 PM (AEDT)
To obtain a copy of the Information Memorandum or to arrange a private inspection, please contact the exclusive marketing agents.
Will Jonas
0422 883 011
Ryan Trickey
0400 380 438
Remember to mention you found this property on DevelopmentReady
213-215 Blackburn Road, Mount Waverley
Stop choosing between today's returns and tomorrow's growth - 213-215 Blackburn Road Mount Waverley has both!
This Commercial 1 (C1Z) Zoned property is leased to a high-performing F&B tenant, generating a NET annual income of $238,702 plus recoverable outgoings.
This is a rare opportunity to acquire a premier commercial asset that delivers both substantial, immediate cash flow and significant future development potential.
Key Investment Highlights:
Secure Net Income: $238,702.50 p.a. + GST
Hassle-Free Net Lease: Tenant pays all outgoings (excluding Land Tax).
Secure Tenancy: Leased until October 2028 with further options.
Substantial Landholding: 1,017 m² in a prime location.
Favourable Zoning: Flexible Commercial 1 Zone (C1Z).
Prime Connectivity: Walk to train station (300m) and near Glen Shopping Precinct (2km).
Future-Proof Potential: Clear scope for a 6+ level mixed-use development (STCA).
Strategic Flexibility: Includes a development clause embedded in the lease.
For the astute investor, this is a truly passive, "set & forget" investment, with upside. You get both! Enjoy stable returns from a secure lease structure while the tenant manages the property's outgoings. It provides immediate, substantial cash flow for your portfolio.
For the Visionary Developer / Land-Banker
Get paid to plan. This is a strategic opportunity to secure a major landholding in a prime location. Let the significant passing income cover your holding costs while you design and permit your future landmark project (STCA).
The Premier Tenant Covenant
The property is leased to a highly popular and well-regarded premium restaurant, ensuring stability and reliability.
• A renowned specialist in live seafood and Cantonese cuisine, attracting diners from all over Melbourne.
• Experiences high levels of foot traffic and consistent, proven patronage.
• Occupies a landmark building with excellent exposure, acting as a major drawcard for the area.
• A professional, long-standing business known for quality and reliability.
Properties offering this perfect blend of guaranteed income, a high-calibre tenant, and tangible future value are exceptionally rare.
For Sale via Expression of Interest (EOI), Closing Friday 12 December 2025 at 4:00 PM (AEDT)
To obtain a copy of the Information Memorandum or to arrange a private inspection, please contact the exclusive marketing agents.
Will Jonas
0422 883 011
Ryan Trickey
0400 380 438
Remember to mention you found this property on DevelopmentReady
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