73 Railway Parade NGlen Waverley VIC 3150
Property Details for 73 Railway Pde N, Glen Waverley
Last Listing description (November 2025)
73 Railway Parade North, Glen Waverley VIC 315
RWC Glen Waverley is proud to present a rare and affordable freehold investment, perfectly positioned for exceptional long-term growth.
This is your opportunity to acquire a coveted piece of Glen Waverley real estate in the absolute epicenter of one of Melbourne's most dynamic suburban activity centres.
Key Highlights of this Premier Opportunity:
• Anchored by a Secure, Long-Term Tenant Fully leased to the established JRW Property International Pty Ltd on a 5-year lease with two additional 5-year options, offering outstanding income security through to 2039.
• 'Set-and-Forget' Income with Guaranteed Annual Growth Returning a significant net income of $122,055 per annum*(As of 31/10/2025) + GST, supported by fixed 3% annual rent increases for a secure, passive, and growing income stream.
• Irreplaceable Location in a Tightly Held Precinct Positioned on a prime 190sqm* Commercial 1 Zone (C1Z) landholding directly opposite the renowned The Glen Shopping Centre and the bustling Glen Waverley transport interchange.
• Future-Proofed by Unprecedented Infrastructure Investment Located at the doorstep of the future Suburban Rail Loop (SRL) station, a city-shaping project set to deliver thousands of new patrons to the area daily and solidify this location as a key commercial hub.
• Substantial Two-Level Freehold Building A versatile 182.5sqm* building with prime ground-floor exposure and first-floor offices, ideal for the current tenant and adaptable for a range of future uses (STCA).
• Significant Future Upside (STCA) Opportunity to improve and extend the current building envelope to capitalise on the exciting growth of the Glen Waverley Activity Centre (GWAC).
• Rare On-Site Parking Featuring secure rear access with on-title parking for three vehicles-an invaluable asset in this high-density precinct.
The Opportunity:
Freehold assets of this calibre are seldom available. This is the definition of a 'set-and-forget' investment, providing immediate, secure income with guaranteed growth. The strategic C1Z landholding presents outstanding future potential for value-add initiatives or development (STCA)
in a precinct with a proven track record of multi-level success.
Surrounded by national retailers, major banks, and a thriving dining and entertainment scene, 73 Railway Parade North is perfectly positioned to leverage the ongoing evolution and government-backed expansion of Glen Waverley.
For Sale by Public Auction: Wednesday, 19th November 2025 at 1:00 PM (AEDT) on-site.
For further information or to arrange an exclusive inspection, please contact the exclusive selling agents:
RYAN TRICKEY
0400 380 438
ryan.trickey@raywhite.com
WILL JONAS
0422 883 011
will.jonas@raywhite.com
RWC Glen Waverley
*Approximately
Property History for 73 Railway Pde N, Glen Waverley, VIC 3150
- 18 Nov 2025Sold for $3,550,000
- 17 Oct 2025Listed for Sale CONTACT AGENT
- 26 Jul 2016Listed for Rent - Price not available
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0About Glen Waverley 3150
The size of Glen Waverley is approximately 16.8 square kilometres. There are 53 parks, covering nearly 13.2% of the total area. The population of Glen Waverley in 2016 was 40327 people. By 2021 the population was 42642 showing a population growth of 5.7% in the area during that time. The predominant age group in Glen Waverley is 40-49 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation.In 2021, 69.30% of the homes in Glen Waverley were owner-occupied compared with 72.60% in 2016.
Glen Waverley has 19,993 properties. Over the last 5 years, Houses in Glen Waverley have seen a 4.17% increase in median value, while Units have seen a 6.24% increase. As at 31 July 2026:
- The median value for Houses in Glen Waverley is $1,691,515 while the median value for Units is $911,566.
- Houses have a median rent of $788 while Units have a median rent of $750.
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