290 Waverley Road MALVERN EAST

Immediate income with longer-term development potential.^

GrayJohnson is pleased to offer for sale this ideally located commercial property in one of Melbourne’s most desirable suburbs.

Currently leased to Ultratune, the property enjoys a favourable Commercial 1 zoning, providing the opportunity for a future mixed-use project.^

The Opportunity:
> Valuable landholding – 455 sqm*
> Excellent frontage to Waverley Road – 10 metres*
> Main road plus laneway access
> Returning $67,670 pa net
> Existing lease expires August 2022
> Favourable Commercial 1 zoning
> Flexibility to occupy, invest or develop^

The Location:
> Highly desirable mixed-use suburb enjoying significant redevelopment.
> Lively shopping strip location
> Close to cafes, restaurants, parks and schools
> Public transport at the door
> Easy access to major arterials including Monash Freeway and Princes Highway

EOI closing Friday 10 December @ 1 pm

*approx
^STPA

Rory White

Job Title: Associate Director

Mobile: 0439 655 504