March 29, 2023 Industrial, Inner-Eastern Suburb, Malvern East, Sales, Sold

Future Ready Site Sells at Auction

By Rory White

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.

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Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.
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Charter Keck Cramer
To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.
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Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.
Trent O'Sullivan
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I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.
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We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.
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Balance Property Partners
GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.
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