GormanKelly is pleased to offer 197 Waverley Road, Malvern East for sale.
This rare offering provides investors, developers and/or owner occupiers with the opportunity to secure a retail property located in high-profile location along a busy retail strip. Erected on site is a semi detached double-fronted commercial premises and attached two-storey dwelling built circa 1993.
We believe the most outstanding aspects of this property include:
- Multi-purpose office + residence of 278m² approx. - offered with Vacant Possession
- Existing Front: professional office of 84m² approx. (frontage of 15.4m²)
- Existing Rear: Quality 2-storey, 4 bedroom family home of 194m² approx. (separate entrance)
- Land Area: 518m² approx. (Zoned Business 2)
- Planning Permit approved: 4 levels, 9 apartments + 2 offices + car parking
- Outstanding location on tram line, close to Caulfield Station and Monash University
- Flexible floor plan to accommodate reconfiguration to suit a multitude of uses (STCA)
- Delightful north facing rear garden with rear lane access
- Current parking for 7 cars with possibility of additional parking at rear.
The commercial component has direct street access and comprises of a reception area, kitchenette, powder room, conference room and two offices. The dwelling has a separate side access via the driveway. The ground floor includes a lounge, kitchen/meals/family area, powder room, laundry, master bedroom and bathroom. The first floor includes 3 bedrooms, retreat area, central bathroom and separate toilet.
The property is positioned within a vibrant local retail strip, strongly serviced by the dense surrounding residential catchments and heavy thoroughfare of passing traffic and pedestrians. A highly desirable location, positioned within the heart of residential suburbs of Glen Iris, Malvern and Armadale and within close proximity to Chadstone Shopping Centre, Caulfield Racecourse and Monash University Caulfield Campus, to name a few.