616 Warrigal Rd

Malvern East VIC 3145

Other

Currently for sale - view listing

Overview

Newly Completed Mixed-Use Investment - Blue Chip Malvern East

Completed in 2022, this premium apartment block presents an outstanding opportunity to acquire a substantial investment with exceptional future upside. Offering significant depreciation benefits, diversified income streams, and a rare scale in this tightly held pocket, this property is well-positioned to appeal to both long-term investors and strategic buyers. Key Highlights • 13 x fully completed 1 & 2 bedroom apartments on one title with the ability to strata and sell down in the future (STCA) • Quality finishes throughout with premium appliances; several apartments fully furnished • Flexible income streams: currently leased on 12-month residential tenancies with potential for higher returns via Airbnb (proven track record) • Ground floor retail component securely leased on a 5-year term to 2027, with further options to 2032 • Projected Net Income: $417,071 pa* + GST • Draft strata plan prepared, providing multiple future exit strategies (STCA) • Superb connectivity: 600m* to Monash Freeway, opposite Chadstone Lifestyle Mega Store, 1.1km* to Chadstone Shopping Centre - Australia's largest and most renowned retail destination • Excellent public transport links: Holmesglen Train Station and major bus routes nearby • Surrounded by a broad range of amenities including Holmesglen Institute, Glen Iris Private Hospital, Malvern Valley Golf Club, and local parks and reserves Location Advantage • Situated within Malvern East, one of Melbourne's most sought-after residential and investment markets • Median house price: $2,125,000* | Median 2-bedroom apartment: $633,500* • Part of the City of Stonnington, a premier metropolitan municipality boasting a Gross Regional Product of $10.13 billion* Investment Rationale A rare tactical acquisition offering both immediate income security and outstanding future upside. Options include: • Long-term income investment • Strata subdivision and sell-down (STCA) • Active asset management with short-stay/Airbnb strategy This is a rare opportunity to secure a premium mixed-use asset in a true blue-chip location. Contact us today to request the Information Memorandum.