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SOLD

513 High Street Road, Mount Waverley, VIC 3149

Properties / Sold / Victoria / Mount Waverley

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Retail/Shopping Centre

Land Area

208 m² (*approx)

Zoning

Commercial 1

Local Government

City Council of Monash

Selling Method

Auction: Friday 25th August at 12:00pm on-site

Auction Date

25 Aug 2023 12:00PM

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2. Property Highlights

INVEST TODAY, OCCUPY/DEVELOP TOMORROW

• Tightly held location

• Rent: $60,863pa NET

• Premium main road corner site

• Flexible Commercial 1 Freehold

• Strong Potential Future Upside

Aston Commercial are pleased to offer 513 High Street Road, Mount Waverley for sale by public auction on Friday 25th August at 12:00pm on-site.

This opportunity consists of a securely leased retail and service centre offering good income with significant scope for future upside by developing the 208 sqm* property and adding upper levels STCA.

This premium investment is leased to a well-known and established service centre at $60,863 per annum NET. Sit back and enjoy the income with inevitable growth in land values the area is sure to provide, then at some point in the near future you can either occupy or take advantage of the upside potential.

Prominently located at the end of a suburban retail strip of shops with side and rear access. The property is moments from Mt Waverley Train Station, Mt Waverley Secondary College, Wesley College & Huntingtower School. The area is well regarded and there are numerous developments either completed or underway in the immediate vicinity.

Aston commercial believes this property has unlimited possibilities and strongly encourages your serious consideration.

Remember to mention you found this property on DevelopmentReady