113 Waverley Road, Malvern East VIC 3145

Positioned at a prime intersection in Malvern East, this mixed-use property offers a unique opportunity for investors and developers alike. The site's location benefits from exceptional connectivity and exposure, being mere steps from Monash University, local train stations, and the bustling suburb of Carnegie. This accessibility ensures strong foot traffic and convenience, appealing to future commercial or residential tenants.

The property currently features a modest 53 sqm building on a 167 sqm land parcel, with the potential to expand vertically within the city’s commercial 1 zoning. This zoning permits multi-level commercial or residential developments, offering versatility for a variety of redevelopment strategies. The original owner envisioned a retail shopfront at street level complemented by up to eight residential studios across the upper two floors, a concept that speaks to the urban mixed-use potential of the site.

Functionality is enhanced with two dedicated parking spaces accessible via a wide driveway, an uncommon amenity in this well-connected urban location. While the building was formerly utilized as a pizza shop with specialized cold storage and exhaust systems, structural floor repairs will be necessary, offering a blank canvas for refurbishment or redevelopment.

• Exceptional intersection location with high visibility and foot traffic
• Close proximity to prominent education and transit hubs
• Dual parking spaces with convenient vehicle access
• Zoned for commercial 1, enabling multi-story development
• Flexible site for a range of mixed-use redevelopment possibilities

This property will attract developers or investors interested in leveraging its location and zoning to create a landmark mixed-use project. Its setting suits those seeking to combine commercial presence with residential accommodation in a thriving Melbourne suburb.