For Immediate Private Sale - $3,900,000
Colliers are pleased to present a prime value-add opportunity at 49-57 Waverley Road, Malvern East. This expansive, dual frontage site, featuring substantial improvements, is sensationally located within the Gascoigne Estate, Malvern East, one of metropolitan Melbourne's most sought-after, premium locations.
Key highlights include:
- Substantial site of 786m²* featuring frontage to Waverley Road & rear laneway
- Three adjoining properties, offered in one line
- Significant existing improvements, including a café, retail, office and residential dwelling, offered with vacant possession, allowing for ultimate flexibility to a variety of users/buyers
- Existing improvements allowing for income generation while obtaining plans and permits for re-development
- Premium location in highly sought-after Gascoigne Estate within Malvern East, featuring some of Melbourne's most expensive and prestigious residential real estate
- Located only 9 kilometres south east of Melbourne CBD
- Situated directly opposite Monash University Caulfield Campus, premier Australian university
- Malvern East median house price of $1,950,000 (Source REIV)
- Number 3 tram and Caulfield train station on the doorstep of the property
- Short walking distance from Caulfield Racecourse, soon to feature a $570m redevelopment into one of Melbourne's largest sporting and entertainment precincts
- Further exceptional local amenity including Central Park, Caulfield Park, Ardrie Park, Waverley Road & Burke Road retail strips, Chadstone Shopping Centre, Malvern Central Shopping Centre, Cabrini Hospital, Caulfield Hospital & Koornang Road Carnegie
- Quality education facilities in close proximity, including Monash University, Korowa Anglican Girls School, Sacre Coeur, Caulfield Grammar School (Malvern & Caulfield campus), Melbourne Grammar School (Grimwade campus), Glen Eira College, Saint Mary's Primary School, Lloyd Street School, Malvern Primary School
*approximately
Colliers International
Ben Baines 0438 328 407
Ted Dwyer 0411 312 165
Arvis & Collins
Jerry Tsiligiannis 0418 840 800
*approximately
