631 High Street RoadMount Waverley VIC 3149
Property Details for 631 High Street Rd, Mount Waverley
Last Listing description (May 2021)
STABLE INVESTMENT WITH NATIONAL TENANT
Currently returning $103,116.80 pa net with 3 secure high-quality tenants, this renovated free standing office is the quality investment opportunity you have been looking for. Offering the security of three separate tenants, all renovated or undergoing renovations meaning the asset quality will remain appealing for many years to come.
Major benefits include:
Current Net Income
- Level 1a $ 25,000
- Level 1b $ 18,116
- Total $103,116
Outgoings - 100% recoverable with tenants paying outgoings and GST
Leases
- Ground Floor
4 years starting from 1 st June 2021 with options
- Level 1a.
3 years starting from 22 nd September 2019 with options
- Level 1b.
4 year starting from 1 st June 2021 with options
Building
Renovated with modern fit out and a total size of 429 m2 across ground floor and level one
The property has modern HVAC system with ability to service the different tenancies.
Rear access with on site parking for up to 7 cars and natural light from both frontages.
Building size - 439m2*
Land Size - 415m2*
Modern kitchen and bathroom facilities
Separate first floor entrance with first floor common areas
Location
• Passing traffic and foot traffic
• Walking distance from Syndal station (480m*)
• Parking access via Blackburn Road and High Street Road with rear laneway access to a public car park
• Close to cafes, restaurants and 1.5km* to "The Glen" shopping precinct.
Currently returning $103,116 with new 4 year leases across 2 of the 3 available tenancies, Creates the unique opportunity for the astute investor. Opportunities like this do not come along often, so this is not to be missed.
With such a unique opportunity, contact us today to discuss how this property could work for you.
*denotes approximates only
Property History for 631 High Street Rd, Mount Waverley, VIC 3149
- 26 May 2021Sold - Price Undisclosed
- 23 Apr 2021Listed for Sale AUCTION
- 15 Jun 2020Listed for Sale Contact Agent
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 17,970 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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