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49-57 Waverley Road, Malvern East, VIC, 3145

Development Potential
DETAILS
High profile value add opportunity in blue-chip Malvern East
  • Site area of 786m²* with rear laneway
  • Ample value-add potential
  • Substantial improvements

For Immediate Private Sale - $3,900,000

Colliers are pleased to present a prime value-add opportunity at 49-57 Waverley Road, Malvern East. This expansive, dual frontage site, featuring substantial improvements, is sensationally located within the Gascoigne Estate, Malvern East, one of metropolitan Melbourne's most sought-after, premium locations.

Key highlights include:

• Substantial site of 786m²* featuring frontage to Waverley Road & rear laneway
• Three adjoining properties, offered in one line
• Significant existing improvements, including a café, retail, office and residential dwelling, offered with vacant possession, allowing for ultimate flexibility to a variety of users/buyers
• Existing improvements allowing for income generation while obtaining plans and permits for re-development
• Premium location in highly sought-after Gascoigne Estate within Malvern East, featuring some of Melbourne’s most expensive and prestigious residential real estate
• Located only 9 kilometres south east of Melbourne CBD
• Situated directly opposite Monash University Caulfield Campus, premier Australian university
• Malvern East median house price of $1,950,000 (Source REIV)
• Number 3 tram and Caulfield train station on the doorstep of the property
• Short walking distance from Caulfield Racecourse, soon to feature a $570m redevelopment into one of Melbourne’s largest sporting and entertainment precincts
• Further exceptional local amenity including Central Park, Caulfield Park, Ardrie Park, Waverley Road & Burke Road retail strips, Chadstone Shopping Centre, Malvern Central Shopping Centre, Cabrini Hospital, Caulfield Hospital & Koornang Road Carnegie
• Quality education facilities in close proximity, including Monash University, Korowa Anglican Girls School, Sacre Coeur, Caulfield Grammar School (Malvern & Caulfield campus), Melbourne Grammar School (Grimwade campus), Glen Eira College, Saint Mary’s Primary School, Lloyd Street School, Malvern Primary School

*approximately

Colliers International
Ben Baines 0438 328 407
Ted Dwyer 0411 312 165

Arvis & Collins
Jerry Tsiligiannis 0418 840 800

*approximately

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
FOR IMMEDIATE SALE:
TITLE:
Property Area
AREA:
786 m² (*approx)
Property Type
TYPE:
Commercial,
Development Potential
DEVELOPMENT APPROVAL:
Commercial development Opportunity (STCA)

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49-57 Waverley Road, Malvern East, VIC, 3145

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