Aston Commercial are pleased to offer this substantial Stonnington Investment with future upside potential for sale by EOI closing Thursday 7th December at 3:00pm.
This premium commercial opportunity is an incredibly rare and versatile offering. With its strategic location, adaptable zoning, undeniable development potential and commanding frontage onto Waverley Roads shopping precinct, the property provides a rare opportunity to enter into one of Melbourne's most prestigious and tightly held suburbs.
Property Features:
Development upside - preliminary scheme available
Building Area: 651 sqm*
Land Area: 631 sqm*
Stunning period building known as Centenary Hall built circa 1934. The property has been subdivided into a number of tenancies including two shops, a first floor two bedroom apartment plus two large studio style spaces and a storage unit.
The property is prominently located on Waverley Road between Darling Road and Malvern Road moments from East Malvern Train Station, Waverley Oval, Malvern Valley Golf Course, with convenient access to Warrigal Road and the Monash (M1) Freeway.
Contact one of the team at Aston Commercial for further information or to arrange an inspection.
*approx
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 12,951 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:
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