272 Stephensons RoadMount Waverley VIC 3149
Property Details for 272 Stephensons Rd, Mount Waverley
Last Listing description (November 2013)
GormanKelly are pleased to offer 272 Stephensons Road, Mount Waverley for sale via auction, scheduled for Thursday 28th November at 12 noon.
This rare offering provides investors and/or future developers with the opportunity to secure a well leased retail property located in an absolute prime trading position along a vibrant and buzzing retail strip.
We believe the most outstanding aspects of this property include:
* Leased to Apptech Pty Ltd an Authorised Apple Reseller
* 3+3+3 year lease commenced October 2012
* Returning $41,600 net per annum plus outgoings and GST
* Retail premises of 153m
* Onsite parking, access via R.O.W. laneway and council car park at rear
* Secure investment with development potential
* Land area 210m / Zoned Commercial 1
* Central position in main shopping strip, situated amongst national retailers including Safeway, IGA, Kmart Tyre & Auto, Australia Post, NAB, to name a few.
272 Stephensons Road, Mount Waverley is located on the eastern side of Stephensons Road between Virginia Street and Winbourne Road with the closest major intersection being that of Stephensons Road and Waverley Road.
The property is located approximately 20km* south-east of the Melbourne CBD within the municipality of the Monash City Council. Stephensons Road is a major thoroughfare that runs from Burwood to Mount Waverley.
Neighbours include CBA, Safeway, NAB, Ritchie's IGA, Retravision Betta Electrical, Subway and Dominos.
Property History for 272 Stephensons Rd, Mount Waverley, VIC 3149
- 28 Nov 2013Sold for $1,210,000
- 25 Oct 2013Listed for Sale Not Disclosed
- 25 Apr 2012Listed for Rent - Price not available
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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 17,936 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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