275 Waverley Road, Malvern East

• Approx 605 Square metres

MALVERN EAST’S PREMIER MIXED-USE INVESTMENT OPPORTUNITY !

This is a rare opportunity to acquire a versatile freehold property at 275 Waverley Road, Malvern East. This property is ideal for both astute investors looking for a high-yield asset and owner-occupiers seeking a flexible living and income-generating space in a prime location.
Property Overview
This property offers a unique blend of commercial and residential potential on a generous 604m² block with a wide 15m+ frontage to Waverley Road. The property is zoned Commercial 1 and even includes an approved planning permit for a 4-level office with a basement development, providing significant future development upside.
The location is unbeatable, offering a walkable lifestyle with easy access to key amenities:
• Transport: Carnegie Station is just 1.1km away, with trams only 100m from your doorstep.
• Education & Recreation: Monash University (Caulfield campus) is 1.1km away, while Caulfield Racecourse is 2.1km away.
• Retail: Chadstone Shopping Centre is a short 2.8km drive, and the property is moments from Dandenong Road and the Monash Freeway (3.4km), providing a direct link to the Melbourne CBD (14km).
Income Potential
The property features multiple income streams, making it a high-performing investment from day one.
• Established Businesses: a well-established coin laundry with approx.. 60 years of operation and a newer dog wash facility—currently generating a combined annual income of approximately $90,000. The current owner has made significant upgrades to the laundry facility, installing market leading Huebsch commercial washing equipment, automated payment systems and energy-efficient 18kW solar panels. They've also added compliant electrical safety switches. These improvements will ensure optimal efficiency and lower operating costs for the new owner.
• Commercial Space: An additional commercial space (Shop B, 57m²) can be leased for a variety of uses such as a dry cleaning service, café, salon, or retail outlet (STCA), offering potential for even higher returns.
• Dual Residences: Both residences have been recently renovated and offer flexible living arrangements. You can rent them out for additional income or use them for multi-generational living.
o Residence A is a spacious 199m² home with five bedrooms, plus a study that can also serve as a fifth bedroom. It’s perfect for a large family or as a premium rental.
o Residence B is a self-contained 55m² home, ideal for an elderly parent, teenagers, or a guest suite.
• Both residences feature contemporary designer finishes, abundant storage solutions, and generously proportioned living spaces. Currently delivering a combined weekly rental potential of $1,500, these units offer immediate cash flow with upside potential - subject to council approval, rooming house or student accommodation configurations could unlock significantly higher returns through optimized space utilization.
Why This Property is a Smart Investment
This is more than just a property; it’s a strategic asset with diverse tenancy options and significant long-term growth potential in one of Melbourne's most sought-after suburbs.
• Diverse Tenancy: Capitalize on Malvern East's strong growth with a versatile mixed-use property that appeals to a wide range of tenants.
• Development Upside: The approved permit for office expansion provides a clear path for future development, increasing the property's value.
• Prime Location: With proximity to elite schools, public transport, and major shopping and dining precincts, this location ensures strong demand from both residents and commercial tenants.
Don't miss this unique opportunity. Inspections are strictly by appointment. To arrange a viewing or for more details, contact Tony on 0422876886 or Dominic on 0400588802.

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