280-282 Waverley Road, MALVERN EAST, VIC, 3145

Gross Waddell ICR is pleased to present this prime commercial freehold in Waverley Road’s tightly held retail precinct which boasts a cutting-edge permit for a sophisticated mixed-use development. Situated on a sprawling parcel of land with rear lane access, this property offers complete flexibility for astute purchasers to either occupy, reposition or develop (STCA) a world class project.

• Favourably zoned Commercial 1 Zone (C1Z) and residing on a expansive 704 sqm* of land

• High profile single storey freehold of 200 sqm* and an abundance of off-street car parking from Terminus Lane

• Permit approved for a cutting-edge mixed-use development over 4 levels (plus basement)

• Plans consist of 14 architecturally designed apartments plus 2 ground floor retail tenancies

• Total development NSA of 1,385 sqm* with the blended average apartment achieving 85 sqm*

• High demand Malvern East location with a median house price of $2,290,000 (REIV) and neighbouring the ever popular Malvern, Armadale, Caulfield and Glen Iris

• Moments to Carnegie, Armadale, and Malvern’s bustling retail strip as well as the world-renowned Chadstone Shopping Centre and Carnegie Central

• The location offers unparalleled accessibility being only 10.5 km* to Melbourne’s CBD and immediate access to trams and East Malvern, Carnegie and Caulfield train stations

• Close to an array of Melbourne’s most popular public and private schools including Korowa and Sacre Coeur

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