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Overview
Occupy, Invest or Reimagine on Waverley Road
Positioned along Waverley Road in the heart of Malvern East, this versatile freehold property offers a rare opportunity to acquire a mixed-use asset with immediate usability, multiple income streams, and potential for future growth.
Occupying approximately 216 square meters of land, the property features a flexible ground-floor commercial space with excellent street frontage, making it ideal for owner-occupiers, investors, or business operators seeking a prominent and accessible location.
The upper level includes a separately accessed one-bedroom apartment with external entry, providing options for dual occupancy, separate rental income, staff accommodation, or live/work arrangements.
A notable advantage is the rear access via a back lane, enhancing practicality for deliveries, parking, storage, and offering design flexibility for future development.
There is no heritage overlay on the property, allowing scope for improvements, extensions, or redevelopment, including potential multi-level projects subject to council approval.
This property suits a variety of buyers including investors, owner-occupiers, developers, and business operators looking to occupy, lease, renovate, invest, or landbank in a tightly held Malvern East location.
Key features include:
- Mixed-use freehold opportunity in Malvern East
- Ground-floor commercial premises with Waverley Road exposure
- Separate upstairs one-bedroom apartment with private external access
- Rear lane access improving logistics and parking options
- Approximate land size of 216 square meters
- Flexible options for occupation, investment, or live-work use
- Potential for dual-income investment
- No heritage overlay detected (buyer to verify)
- Future improvement or redevelopment potential, subject to council approval
- Possible scope for multi-level development, STCA
- Ideal for investors, owner-occupiers, developers, or business operators
This property represents a compelling combination of commercial frontage, residential income potential, and long-term flexibility in a sought-after location.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Malvern East VIC 3145
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 177 m² |
Market Insights for Malvern East VIC 3145
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