430-434 Waverley Road, Malvern East

BUY ME.

E N T A N R E Y C HALL

4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T

I’M A RARE DIVERSIFIED OPPO IN ONE OF MELBOURNE’S FINES AND SOUGHT-AFTER SUBURBS

RTUNITY ST S.

LET ME INTRODUCE MYSELF.

YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY.

Rodney King

Fred Nucara

Jeremy Gruzewski

Director of Agency 0422 839 870 rodney@astoncommercial.com.au

Managing Director 0418 567 560 fred@astoncommercial.com.au

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

E N T A RY N E C HALL 4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T This premium commercial opportunity is an incredibly rare and versatile offering. With its strategic location, adaptable zoning, undeniable development potential and commanding frontage onto Waverley Road shopping precinct, the property provides a rare opportunity to enter into one of Melbourne’s most prestigious and tightly held post codes.

BUILDING AREA:

651sqm

ZONING

*

Commercial 1 Zone

LAND AREA:

631sqm* RENTAL

$146,235*

pa

12.2m Frontage

FROM 6 TENANCIES

OFF STREET PARKING TO THE REAR

TERMS OF SALE 10% Deposit on Sale, Balance 60-90 days

BUY ME For Sale by Expressions of Interest closing Thursday 7th December at 3pm

ERLE

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AD

M

ER ALV

O NR

WAV

WA

AD V EY ERL RO

SUBJECT

DEVEL

WAVERLEY OVAL

HOLMESGLEN

MONASH FREEWAY

MALVERN VALLEY GOLF COURSE

EAST MALVERN TRAIN STATION

OA

CHADSTONE SHOPPING CENTRE

BELGRAVE ROAD D

LOPMENT POTENTIAL

T TO COUNCIL APPROVAL

C E N T E N A RY HALL 4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T

A preliminary project scheme has been undertaken that highlights the potential of the property based on the current zoning and planning guidelines. Whilst it is not a definitive planning permit, the potential of the site is highlighted with good design and subject to planning approvals. In summary the future potential may allow:

GROUND LEVEL

LEVEL 1-4 Residential Apartments being a combination of 1 bedroom and 2 bedroom designs

SITE BOUNDARY

Commercial/Retail and Car Parking with rear access

TERRACE

BALC.

TERRACE

411 WAVERLEY ROAD

2 BED + FLEX

TP41-002

AHD. 36.10 m

AHD. 36.01 m

SECTION 1

2 BED

TERRACE

1

2 BED

WAVERLEY ROAD

COMMERCIAL 172 m²

Alternatively, given the Commercial 1 zone, there is scope to explore other schemes which will require planning approval:

OFFICE

MEDICAL

HOSPITALITY FOOD & BEVERAGE

SITE BOUNDARY

HOTEL ACCOMMODATION

2 BED

ROOF FL 52.000

2 BED

2800

2800

COMMUNAL ROOF TERRACE AHD. 52.32 m

BALC.

2800

2 BED

2800

L04 FL 49.200

BALC.

2 BED

2800

2800

L03 FL 46.100

BALC.

2 BED

2800

2800

02 FL 43.000

TERRACE

LOBBY 107 m²

PARKING 262 m²

3400

3400

01 FL 39.900

00 FL 36.100

AHD. 35.80 m

I’M A UNIQUE MIX OF TIMELESS ELEGANCE AND POTENTIAL. Stunning period building known as Centenary Hall built circa 1934.

The property has been subdivided into six tenancies including two shops, a first floor two-bedroom apartment plus two large studio style spaces plus a storage unit.

Certificate of Title: Volume: 6944 Folio: 655 Lot 1 on TP576878 Lot 1 on TP633440

PROPERTY DETAILS BUILDING AREA:

651sqm* LAND AREA:

631sqm

*

ZONING

Commercial 1 Zone UNDER THE CITY OF STONNINGTON PLANNING SCHEME

12.2m Frontage

51.9m Depth

I’M WELL BALANCED WITH SIX SEPARATE TENANCIES. TENANT ADDRESS

TENANT

RENTAL

LEASE TERM

COMMENCEMENT

Ground 430

Rochelle Barber

$20,414

3 + 3 years

19/1/2024

Ground 430A

Residential Apartment

$20,856

1 year

13/1/2023

Ground 430 Rear

Eilannin Jean Harris-Black

$28,374

3 + 1 + 1 years

16/11/2021

Ground 432

Grounded Movement Pty Ltd

$53,100

5 years

1/2/2024

Ground 432 Rear

Auburn Antiques Pty Ltd

$3,920

Monthly

16/1/2006

Ground 434

Texture & Colour Pty Ltd

$19,570

2 + 2 years

14/12/2023

TOTAL RENTAL: $146,235 PA* AS AT 01/02/2024

I’M UNIQUE - BIG WIDE AND OPEN SPACES ARE STILL INTACT.

I’M IMMACULATELY POSITIONED IN A PREMIUM SUBURB. The property is prominently located on Waverley Road between Darling Road and Malvern Road moments from East Malvern Train Station, Waverley Oval, Malvern Valley Golf Course, with convenient access to Warrigal Road and the Monash (M1) Freeway.

The property is ideally positioned near a number of landmark establishments including Chadstone Shopping Centre, Caulfield Racecourse, Malvern Central and Carnegie Central.

NEARBY EDUCATION AMENITIES:

WELL SERVICED BY:

MALVERN EAST 3145.

Malvern East, located 13km from Melbourne’s CBD, is a picturesque suburb known for its leafy streets, charming homes, and a vibrant community. With a mix of young professionals, families, and retirees, it offers a diverse and welcoming atmosphere. Residents enjoy easy access to parks, excellent schools, and a variety of dining and shopping options. This suburb perfectly balances suburban tranquility with urban convenience.

MALVERN EAST City of Stonnington

Median house price:

$2.055M LIFESTYLE

INDUSTRY SECTOR OF EMPLOYMENT

1,145

22,764 $2,311

1,767

32.9%

H ealth Care and Social Assistance P rofessional, Scientific and Technical Services

1,184 Population

Median weekly household income

Households made up of couples with children

OVERVIEW OF WORKERS - CITY OF STONNINGTON

E ducation and Training

1,709

Retail Trade

Live and work in the area:

14,085 Work in the area, but live outside

46,610 Live in the area, but work outside

45,354

MELBOURNE CBD

MONASH UNIVERSITY

C E N T E N A RY HALL 4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T

W

A

VE

RL

EY

RO

A

D

MA LV N RO AD

EAST MALVERN TRAIN STATION

ER

MALVERN VALLEY GOLF COURSE

MONASH FREEWAY

E N T A RY N E C HALL

BUY ME.

4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T

WHAT, WHEN & WHERE? For Sale by Expressions of Interest closing Thursday 7th December 2023 at 3pm Terms: 10% Deposit on Sale, Balance 60-90 days

INSPECT

REQUEST

Make a private appointment with the exclusive agents

A contract of sale and vendors statement

Rodney King

Fred Nucara

Jeremy Gruzewski

Director of Agency 0422 839 870 rodney@astoncommercial.com.au

Managing Director 0418 567 560 fred@astoncommercial.com.au

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate