2-4 Hamilton Place
Mount Waverley, VIC 3149

Overview

THREE PRIME RETAIL INVESTMENTS LEASED TO LONGSTANDING TENANTS - TO BE SOLD AS ONE

This commercial property at 2-4 Hamilton Place, Mount Waverley, VIC 3149, offers a unique opportunity to acquire three prime retail investments leased to longstanding tenants, to be sold as one package. The property is presented for sale via Expressions of Interest, closing Monday 11th May at 5:00 PM.

Strategically located within the Mount Waverley Shopping Centre precinct, the property benefits from extensive public transport options including bus networks and the nearby Mount Waverley train station. It is also a short drive from The Glen shopping centre, surrounded by established amenities such as schools, parks, and a variety of retail outlets.

The property is situated in a tightly held retail precinct, adjacent to major retailers including Ritchie's IGA, Woolworths, Chemist Warehouse, Bakers Delight, and several major trading banks. A large public car park is also conveniently located nearby, enhancing accessibility for customers and tenants alike.

The landholding is an ultra-prime 376 square meters with a total building area of 570 square meters. Zoned Commercial 1 Zone (C1Z), the site offers future potential for a five-level development, subject to council approval (STCA).

The property comprises three tenancies with long leases to quality tenants, generating a combined rental income of $172,569 per annum plus GST and outgoings. The tenancies include:

• Shop 2 (Ground Floor): 120 square meters of building area featuring two separate partitioned offices, air conditioning, kitchenette, staff area, and male/female toilets. The tenancy enjoys excellent natural light, two car spaces on title, and offers good exposure with signage options. Public transport is at the doorstep, and ample street parking is available.
• Shop 4 (Ground Floor): 140 square meters of building area with a partitioned office at the rear. This tenancy is air conditioned and includes a kitchenette, staff area, male/female toilets, and an alarm plus camera system that will remain. It benefits from excellent natural light, good exposure, foot traffic, signage options, and ample street parking.
• Office 1/2-4 (First Floor): 310 square meters of fully partitioned office space comprising a reception area, two large executive offices, a combination of open plan and partitioned offices, and a boardroom. The office features a glass facade, landscaped gardens, air conditioning, male and female amenities, and a kitchenette. It is located in a vibrant, tightly held pocket of Mount Waverley with good exposure, foot traffic, signage options, and ample street parking.

The property is currently vacant and offers a rare opportunity for investors or owner-occupiers seeking a strategic location with strong tenant covenants and future development potential. Immediate access to public transport and proximity to key retail and community amenities make this an attractive commercial investment.

All areas and figures are approximate and indicative only. Prospective purchasers should undertake their own due diligence to verify all information.

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