275 Waverley Road

An exceptional opportunity to secure a versatile freehold asset in a highly sought-after Malvern East location. Perfectly suited to investors and owner-occupiers alike, this property offers a unique combination of immediate income, flexible living, and long-term development potential. Property Highlights Set on a substantial 604sqm (approx.) allotment with a wide 15m+ frontage, the property is zoned Commercial 1 and includes an approved planning permit for a four-level office development with basement delivering outstanding future upside. Prime Connectivity & Lifestyle Enjoy a highly accessible location just moments from public transport, major arterials, leading educational institutions, and Melbourne's premier retail and lifestyle destinations. Multiple Income Streams * Established Businesses: Long-standing coin laundry (approx. 60 years) and modern dog wash facility generating a combined income of circa $90,000 per annum. Recent upgrades include premium Huebsch commercial equipment, automated payment systems, and energy-efficient solar infrastructure. * Additional Commercial Space: Flexible retail/shopfront (approx. 57sqm) suitable for a variety of uses (STCA), offering further income potential. * Dual Residences: Two renovated dwellings providing strong rental appeal and flexibility: oSpacious five-bedroom residence with study, ideal for large families or premium leasing oSelf-contained secondary residence, perfect for extended family or supplementary income Combined, the residential component delivers an estimated rental return of approximately $1,500 per week, with scope to further enhance returns (STCA). Investment Appeal * Diverse and secure income streams * Approved development pathway enhancing long-term value * High-demand location supporting strong occupancy and rental growth This is a rare opportunity to acquire a high-performing, mixed-use asset with both immediate returns and significant future potential. Inspections strictly by appointment. For further information, please contact Tony on 0422 876 886 or Dominic on 0400 588 802.