Tightly held location
Rent: $60,863pa NET
Premium main road corner site
Aston Commercial are pleased to offer 513 High Street Road, Mount Waverley for sale by public auction on Friday 25th August at 12:00pm on-site.
This opportunity consists of a securely leased retail and service centre offering good income with significant scope for future upside by developing the 208 sqm* property and adding upper levels STCA.
This premium investment is leased to a well-known and established service centre at $60,863 per annum NET. Sit back and enjoy the income with inevitable growth in land values the area is sure to provide, then at some point in the near future you can either occupy or take advantage of the upside potential.
Prominently located at the end of a suburban retail strip of shops with side and rear access. The property is moments from Mt Waverley Train Station, Mt Waverley Secondary College, Wesley College & Huntingtower School. The area is well regarded and there are numerous developments either completed or underway in the immediate vicinity.
Aston commercial believes this property has unlimited possibilities and strongly encourages your serious consideration.
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 17,969 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:
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