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275 Waverley Road

Malvern East VIC 3145

6
3
4
604 m²
House
Currently for sale - view listing

Overview

Premium Freehold Investment with Strong Income & Development Upside

An exceptional opportunity to secure a versatile freehold asset in a highly sought-after Malvern East location. Perfectly suited to investors and owner-occupiers alike, this property offers a unique combination of immediate income, flexible living, and long-term development potential. Property Highlights Set on a substantial 604sqm (approx.) allotment with a wide 15m+ frontage, the property is zoned Commercial 1 and includes an approved planning permit for a four-level office development with basement – delivering outstanding future upside. Prime Connectivity & Lifestyle Enjoy a highly accessible location just moments from public transport, major arterials, leading educational institutions, and Melbourne’s premier retail and lifestyle destinations. Multiple Income Streams * Established Businesses: Long-standing coin laundry (approx. 60 years) and modern dog wash facility generating a combined income of circa $90,000 per annum. Recent upgrades include premium Huebsch commercial equipment, automated payment systems, and energy-efficient solar infrastructure. * Additional Commercial Space: Flexible retail/shopfront (approx. 57sqm) suitable for a variety of uses (STCA), offering further income potential. * Dual Residences: Two renovated dwellings providing strong rental appeal and flexibility: oSpacious five-bedroom residence with study, ideal for large families or premium leasing oSelf-contained secondary residence, perfect for extended family or supplementary income Combined, the residential component delivers an estimated rental return of approximately $1,500 per week, with scope to further enhance returns (STCA). Investment Appeal * Diverse and secure income streams * Approved development pathway enhancing long-term value * High-demand location supporting strong occupancy and rental growth This is a rare opportunity to acquire a high-performing, mixed-use asset with both immediate returns and significant future potential. Inspections strictly by appointment. For further information, please contact Tony on 0422 876 886 or Dominic on 0400 588 802.

Features

6 bedrooms
3 bathrooms
4 carspaces
4 carport spaces
604 m² lot size
House

Happy sellers in Malvern East

88%
88% of sellers in Malvern East reported that their sale price either exceeded or met their price expectations.

Malvern East stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in Malvern East over the last 12 months.

Local market activity for 6 bedroom houses in Malvern East

In the last 12 months, 1 six-bedroom house similar to 275 Waverley Road, have been sold.

This represents a 67% increase in six-bedroom houses sales when compared to the previous 12 months.

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