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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 functionality, multiple income streams, and future growth potential.
Set on approximately 216 square meters of land, the property features a flexible ground-floor commercial space with excellent street exposure. This space is 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 potential for dual occupancy, separate rental income, staff accommodation, or live/work flexibility.
A key advantage of this property is the rear access via a back lane, enhancing practicality for deliveries, parking options, storage access, and future design flexibility.
There is no heritage overlay on the property, allowing scope to explore future improvements, extensions, or redevelopment options, including possible multi-level developments subject to council approval. This flexibility makes the property suitable for a variety of uses and investment strategies.
Whether you are looking to occupy, lease, renovate, invest, or landbank in this tightly held Malvern East location, 411 and 411A Waverley Road presents a compelling combination of commercial frontage, residential income potential, and long-term versatility.
- 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 for deliveries and parking
- Approximate land size of 216 square meters
- Flexible options for occupation, investment, or live-work arrangements
- 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
- Suitable for investors, owner-occupiers, developers, or business operators
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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