156 Waverley Road,
Malvern East, VIC 3145
Shops & Retail
Key property information
Land area
Floor area
Car spaces
Parking info
Zoning
Tenure type
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
156 Waverley Road
Malvern East, VIC 3145
Map of 156 Waverley Road
NEW 6 YEAR LEASE TO LONG TERM TENANT
- Rental income: $56,700 net pa + GST
- Strong covenant, trading for a decade
Gorman Commercial is pleased to present for sale 156 Waverley Road, Malvern East via public auction on Wednesday 6th August at 12pm on-site.
+ Expansive retail shop with high ceilings fully fitted restaurant with large dining/eating area and a high quality commercial kitchen comprising a total building area of 169 sqm approx.
+ Offered to the market with a long standing tenant in place. Nepal Dining Room have traded from the property for 10 years and have recently committed to a new six (6) year lease (Dec. 2024) with a further 5 year option. The lease also has annual increases of 3.5%.
+ Secure income of $56,700 net pa plus GST and outgoings
+ Large parcel of land of 271 sqm with R.O.W at rear. There is on-site car parking for two (2) cars.
+ Commercial 1 Zoning (C1Z) allowing for a range of future uses (S.T.P.A)
+ Strong suburban retail strip, underpinned with convenient connectivity to Dandenong Road, and located 250m* from Burke Road and public transport options including Caulfield Train Station and the Cranbourne line.
Contact the exclusive agents below to learn more and arrange an inspection:
Nathan May +61 452 210 4...
Dean Alexander +61 409 877 7...
* denotes approximate
+ Expansive retail shop with high ceilings fully fitted restaurant with large dining/eating area and a high quality commercial kitchen comprising a total building area of 169 sqm approx.
+ Offered to the market with a long standing tenant in place. Nepal Dining Room have traded from the property for 10 years and have recently committed to a new six (6) year lease (Dec. 2024) with a further 5 year option. The lease also has annual increases of 3.5%.
+ Secure income of $56,700 net pa plus GST and outgoings
+ Large parcel of land of 271 sqm with R.O.W at rear. There is on-site car parking for two (2) cars.
+ Commercial 1 Zoning (C1Z) allowing for a range of future uses (S.T.P.A)
+ Strong suburban retail strip, underpinned with convenient connectivity to Dandenong Road, and located 250m* from Burke Road and public transport options including Caulfield Train Station and the Cranbourne line.
Contact the exclusive agents below to learn more and arrange an inspection:
Nathan May +61 452 210 4...
Dean Alexander +61 409 877 7...
* denotes approximate
Malvern East, 3145 demographic data
The median household income for Malvern East is $2,383, 25% higher than Greater Melbourne's household income of $1,901. Malvern East has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 46% of property owners in Malvern East have a mortgage.
22,296
Population
$2,383 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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4 Illowa Street,Malvern East, VIC 3145 160 m²Shops & Retail • Medical & Consulting • Offices
