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220-224 Waverley Road, Malvern East VIC 3145

Aston Commercial are pleased to offer 220-224 Waverley Road Malvern East for sale by auction if not sold prior.

Property highlights:
• First time offered in 46 years
• Substantial land holding of 698 sqm*
• Functional existing workshop of 450 sqm*
• Zoning: General Residential Zone Schedule 7 (GRZ7)
• Suit owner occupiers / investors /developers (STCA)
• Prominent frontages to Waverley Road and Pepperell Lane of over 15* metres

The property is surrounded by many of Melbourne’s leading schools and universities including Malvern Primary, Sacre Couer, Korowa Girls School, Caulfield Grammar and Monash University. The property is in close proximity to Chadstone Shopping Centre, Malvern Central, Koornang Road retail strip, Carnegie Central, Central Park, Ardrie Park and Hedgely Dene. The location benefits from Trams on its doorstep and is only a short stroll to both Carnegie and Caulfield Train stations.

The median house price in East Malvern is $1,967,500, the median 2BR apartment price is $660,000 and the median 3BR apartment price is $1,175,000 (realestate.com.au).

The offering lends itself to several potential Commercial development outcomes including Child Care, Aged Care, Medical/Allied Health or multi-level development (STCA).

This is an outstanding opportunity to secure a significant land holding within the heart of the established Waverley Road retail precinct in one of Melbourne’s most exclusive suburbs.

Contact one of the conjunctional agents for a confidential discussion or to arrange a private inspection.

220-224 Waverley Road, Malvern East VIC 3145