5/148-150 Wattletree RoadMalvern VIC 3144
Property Details for 5/148-150 Wattletree Rd, Malvern
Last Listing description (January 2022)
Premium retail
Quality Tenant
Secure long term lease
Aston Commercial are pleased to offer Shop 5/148-150 Wattletree Road Malvern for Private Sale.
This opportunity consists of a beautifully presented, refurbished and renovated single fronted retail shop located in a funky and vibrant strip nestled behind Glenferrie Road. With great parking out front.
Benefitting from a solid lease to an established tenant, the acquisition will provide a secure investment in an area that is well established and highly sought after.
The property is leased to Ella Beauty Room on a 3 + 3 year lease from 2nd November 2020 at $22,949 p/a plus GST & outgoings.
Sit back and enjoy the income and the steady increase in value the area is sure to provide.
Please contact Aston Commercial today to arrange your private inspection.
*approx.
Property History for 5/148-150 Wattletree Rd, Malvern, VIC 3144
- 22 Dec 2021Sold for $510,000
- 08 Nov 2021Listed for Sale Contact Agent
- 14 Sep 2010Listed for Rent - Price not available
Recent sales nearby
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About Malvern 3144
The size of Malvern is approximately 2.9 square kilometres. It has 9 parks covering nearly 4.4% of total area. The population of Malvern in 2016 was 10066 people. By 2021 the population was 9929 showing a population decline of 1.4% in the area during that time. The predominant age group in Malvern is 50-59 years. Households in Malvern are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern work in a professional occupation.In 2021, 70.20% of the homes in Malvern were owner-occupied compared with 66.70% in 2016.
Malvern has 6,780 properties. Over the last 5 years, Houses in Malvern have seen a -2.00% decrease in median value, while Units have seen a -0.75% decrease. As at 30 April 2026:
- The median value for Houses in Malvern is $2,872,859 while the median value for Units is $775,467.
- Houses have a median rent of $1,200 while Units have a median rent of $590.
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