272-274 Highbury RoadMount Waverley VIC 3149
Property Details for 272-274 Highbury Rd, Mount Waverley
Last Listing description (December 2019)
Inspection By Appointment Only.
Enjoying wonderful frontage on the busy Highbury Road and offering buyers a dream opportunity to own a petrol station with car wash facilities and a convenience store, this fantastic commercial prospect doesnt come along very often.
2,245 sqm approx. of prime Mount Waverley land
Secure 10-year lease starting from February 2018 (ending 2028)
Rental return of $159,650 per annum plus GST with a fixed increase of 3% annually
The option of a further 10-year term
All building outgoings to be paid by the tenant
The property includes a convenience store with toilet facilities, 4 bay car wash including 3 manual bays and 1 automatic wash bay
This property is located close to Deakin University, Lundgren Reserve, Federal Reserve, Burwood East Shopping Centre, schools, and Andrew Street shopping strip with restaurants and IGA supermarket.
Property History for 272-274 Highbury Rd, Mount Waverley, VIC 3149
- 31 Oct 2019Sold for $3,193,000
- 02 Oct 2019Listed for Sale Contact Agent
- 10 Dec 2008Sold for $1,550,000
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About Mount Waverley 3149
The size of Mount Waverley is approximately 15.2 square kilometres. There are 41 parks, covering nearly 11.6% of the 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 17,973 properties. Over the last 5 years, Houses in Mount Waverley have seen a 2.67% increase in median value, while Units have seen a 7.97% increase. As at 30 June 2026:
- The median value for Houses in Mount Waverley is $1,605,243 while the median value for Units is $1,091,080.
- Houses have a median rent of $750 while Units have a median rent of $700.
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