GrayJohnson is pleased to announce the successful sale of 290 Waverley Road, Malvern East for $1,625,000. Currently leased to Ultratune, the property enjoys a favourable Commercial 1 zoning, providing the opportunity for a future mixed-use project in this proven residential market.
Key features of the property include:
• Highly desirable residential suburb enjoying significant redevelopment
• Valuable landholding of 455sqm approx. with 10m approx. frontage to Waverley Road
• Ideal for future mixed-use development
• Existing lease returning $67,000pa net expires August 2022
• Lively shopping strip location close to cafés, restaurants, parks and schools.
• Public transport at the door
• Easy access to major arterials including Princes Highway and Monash Freeway
For more details please contact Rory White 0439 655 504 or Matt Hoath 0418 543 714.