+14 Photos

SOLD

430-434 Waverley Road, Malvern East, VIC 3145

Properties / Sold / Victoria / Malvern East

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Retail/Shopping Centre

Land Area

631 m² (*approx)

Zoning

Commercial 1

Local Government

City Council of Stonnington

Selling Method

EOI: Closing Thursday 7th December at 3:00pm

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2. Property Highlights

MULTIPLE TENANTS, MULTIPLE UPSIDES

Securely leased returning $146,235 pa*
Diversified Investment with 6 tenancies
Premium Commercial 1 Zoning

Aston Commercial are pleased to offer this substantial Stonnington Investment with future upside potential for Sale.

This premium commercial opportunity is an incredibly rare and versatile offering. With its strategic location, adaptable zoning, undeniable development potential and commanding frontage onto Waverley Roads shopping precinct, the property provides a rare opportunity to enter into one of Melbourne's most prestigious and tightly held suburbs.

Property Features:

• Development upside - preliminary scheme available

• Building Area: 651 sqm*

• Land Area: 631 sqm*

Stunning period building known as Centenary Hall built circa 1934. The property has been subdivided into a number of tenancies including two shops, a first floor two bedroom apartment plus two large studio style spaces and a storage unit.

The property is prominently located on Waverley Road between Darling Road and Malvern Road moments from East Malvern Train Station, Waverley Oval, Malvern Valley Golf Course, with convenient access to Warrigal Road and the Monash (M1) Freeway.

Contact one of the team at Aston Commercial for further information or to arrange an inspection.

*approx

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