171 Waverley RoadMalvern East VIC 3145
Property Details for 171 Waverley Rd, Malvern East
Last Listing description (October 2014)
RESTAURANT INVESTMENT WITH UPSIDE
Axis property is please to offer this outstanding retail investment opportunity located at 171 Waverley Rd Malvern East.
The Shop:- Is a well established restaurant situated on a prominent and visible corner
established suburb and close to excellent public transport, Dandenong and Burke Rd's as well as Caulfield Plaza Shopping Centre, Monash university and the Caulfield Race Course.
Property Features:-
Lease term - Five (5) + Five (5) + Five (5) + Five (5) years
Current net rent:- $68,800 pa
Building area:- 160 Sqm*
Land area:- 223 Sqm*
Potential to further develop in the the future (STPA)
Property History for 171 Waverley Rd, Malvern East, VIC 3145
- 04 Nov 2014Sold for $1,500,000
- 23 Sep 2014Listed for Sale AUCTION
- 15 Jun 2007Sold for $572,000
Recent sales nearby
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0About Malvern East 3145
The size of Malvern East is approximately 7.7 square kilometres. There are 25 parks, covering nearly 14.3% of the total area. The population of Malvern East in 2016 was 21707 people. By 2021 the population was 22296 showing a population growth of 2.7% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation.In 2021, 66.90% of the homes in Malvern East were owner-occupied compared with 64.90% in 2016.
Malvern East has 12,924 properties. Over the last 5 years, Houses in Malvern East have seen a -2.64% decrease in median value, while Units have seen a -3.26% decrease. As at 31 July 2026:
- The median value for Houses in Malvern East is $2,269,530 while the median value for Units is $656,432.
- Houses have a median rent of $883 while Units have a median rent of $575.
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