1/14 Lionel RoadMount Waverley VIC 3149
Property Details for 1/14 Lionel Rd, Mount Waverley
Last Listing description (September 2025)
RWC (Oakleigh) is pleased to offer 1/14 Lionel Road, Mount Waverley for sale, a securely leased ground-floor investment with an established tenant.
Located in the heart of Mount Waverley's tightly held industrial precinct, this versatile commercial property is leased to the Victorian Ballet School, a long-standing and reputable tenant who renewed their lease in January 2025 for a 3-year term with two further 3-year options. The property currently returns $58,349.40 p/a plus GST and outgoings, offering investors a solid and reliable income stream from day one.
Set within a boutique development, the property comprises 285m²* of total building area, featuring excellent on-site parking for ten (10) cars, low-maintenance construction and a well-presented internal layout.
This is an outstanding opportunity to secure a passive, set-and-forget investment in a blue-chip location with strong tenant covenant and rental return.
Positioned just off Blackburn and Ferntree Gully Roads and within the heart of Mount Waverley's established industrial/commercial precinct, the property enjoys direct access to major arterial networks including the Monash Freeway (2.5km*).
Mount Waverley Station is approximately 2.1km* away, offering convenient rail connectivity to the Melbourne CBD (21km*). The Glen Shopping Centre is also just 5 minutes' drive away, providing excellent amenities.
This location is well supported by surrounding residential catchments, educational institutions and other small-to-mid-sized commercial businesses.
Ideal for passive investors, SMSFs, and portfolio buyers seeking a reliable income-producing commercial asset with long-term lease security.
Key Property Features:
• Total building area | 285m²*
• Leased to Victorian Ballet School
• Income | $58,349.40 p/a net
• Current term | 3 + 3 + 3 years (From Jan 25)
• Ground floor with excellent exposure
• On-site parking for ten (10) cars
• Low maintenance & well-presented
• Strong tenant since 2022
• Special Use Zone (SUZ)
For further information or to arrange a suitable time to inspect, please contact one of the exclusive marketing agents below:
Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122
*All areas and figures approx. only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 1/14 Lionel Rd, Mount Waverley, VIC 3149
- 26 Aug 2025Sold for $1,100,000
- 23 Jun 2025Listed for Sale Contact Agent
- 29 Nov 2019Listed for Rent $57,000 / year
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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 17,935 properties. Over the last 5 years, Houses in Mount Waverley have seen a 26.23% increase in median value, while Units have seen a 23.05% increase. As at 31 December 2025:
- The median value for Houses in Mount Waverley is $1,676,845 while the median value for Units is $1,133,686.
- Houses have a median rent of $720 while Units have a median rent of $675.
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