294 Stephensons RoadMount Waverley VIC 3149
Property Details for 294 Stephensons Rd, Mount Waverley
Last Listing description (May 2022)
To be sold as a tenanted investment. Affordable investments like these prove harder to come by, and 294 Stephensons Road presents a unique opportunity for astute investors to make it their own. Located only metres from Mount Waverley Train Station, this is an extremely rare opportunity not to be missed.
Land 333m2 (Approx)
Floor Area 147m2 (Approx)
Leased to Alpha Hearing - a reliable medical clinic
Rental $41,457 NET (as of August 2022)
Tenant pays all outgoings (excluding land tax)
3 year lease commenced August 2021
3% Rent annual rent increases
Occupied for 9+ years
3 Rear car park
Rear loading access
Solid Brick Construction
Well connected to public transport, parking and major arterials
Substantial council car park at the rear
Flexible Commercial 1 Zone
Term 3 years with 2 further 3 year options
Located in an established residential area only 16.5km (approx.) from Melbourne's CBD. With convenient access from surrounding suburbs, Glen Waverley, Oakleigh, Burwood and Chadstone.
For further information and to schedule an inspection, please contact:
Ryan Trickey 0400 380 438
Will Jonas 0422 883 011
Property History for 294 Stephensons Rd, Mount Waverley, VIC 3149
- 26 May 2022Sold for $1,511,000
- 22 Apr 2022Listed for Sale POA
- 26 May 2013Listed for Rent - Price not available
Recent sales nearby
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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 17,907 properties. Over the last 5 years, Houses in Mount Waverley have seen a 10.11% increase in median value, while Units have seen a 14.14% increase. As at 30 April 2026:
- The median value for Houses in Mount Waverley is $1,623,226 while the median value for Units is $1,110,542.
- Houses have a median rent of $730 while Units have a median rent of $700.
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