251 Blackburn Road, Mount Waverley, VIC 3149 | Commercial for sale | OnTheHouse
FOR SALE
Sale Price Unavailable

251 Blackburn Road
Mount Waverley VIC 3149

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 425m2
Land area: 860m2
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ONE OF THE LAST MAJOR C1Z DEVELOPMENT OPPORTUNITIES IN MOUNT WAVERLEY

ONE OF THE LAST MAJOR C1Z DEVELOPMENT OPPORTUNITIES IN MOUNT WAVERLEY
Income-Producing Landholding with Significant Future Potential
A scarce opportunity to secure a prime Commercial 1 Zone (C1Z) landholding in the heart of Mount Waverley’s tightly held Syndal precinct, just 200 metres from Syndal Station.
Set on an island site of approx. 860 m², this property combines genuine holding income today with significant redevelopment upside tomorrow.
Fully leased income from multiple suites estimated at $107,452 p.a. All leases contain demolition clauses, providing the incoming purchaser with income security while retaining full flexibility to redevelop when ready.
Key Highlights
Land Area: 860 m² * island site
Zoning: Commercial 1 Zone (C1Z) – flexible for retail, medical, office, mixed-use, or apartments (STCA)
Income: $188,000 p.a. gross with demolition clauses
Concept Plans: Preliminary designs show scope for 24 to 30 apartments plus café/retail - 5 storeys with 6th floor explored
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Property Details for 251 Blackburn Rd, Mount Waverley

Building Type
Commercial
Floor Size
425m2
Land Size
860m2
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About Mount Waverley 3149

The size of Mount Waverley is approximately 15.2 square kilometres. It has 41 parks covering nearly 11.6% of total area. The population of Mount Waverley in 2016 was 33611 people. By 2021 the population was 35340 showing a population growth of 5.1% in the area during that time. The predominant age group in Mount Waverley is 40-49 years. Households in Mount Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Waverley work in a professional occupation.In 2021, 73.40% of the homes in Mount Waverley were owner-occupied compared with 74.20% in 2016.

Mount Waverley has 17,934 properties. Over the last 5 years, Houses in Mount Waverley have seen a 31.74% increase in median value, while Units have seen a 33.06% increase. As at 30 November 2025:

  • The median value for Houses in Mount Waverley is $1,745,230 while the median value for Units is $1,165,116.
  • Houses have a median rent of $720 while Units have a median rent of $690.
There are currently 60 properties listed for sale, and 34 properties listed for rent in Mount waverley on OnTheHouse. According to Cotality's data, 765 properties were sold in the past 12 months in Mount waverley.

Suburb Insights for Mount Waverley 3149

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Scott Banks
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.