BUY ME.
E N T A N R E Y C HALL
4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T
I’M A RARE DIVERSIFIED OPPO IN ONE OF MELBOURNE’S FINES AND SOUGHT-AFTER SUBURBS
RTUNITY ST S.
LET ME INTRODUCE MYSELF.
YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY.
Rodney King
Fred Nucara
Jeremy Gruzewski
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Managing Director 0418 567 560 fred@astoncommercial.com.au
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
E N T A RY N E C HALL 4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T This premium commercial opportunity is an incredibly rare and versatile offering. With its strategic location, adaptable zoning, undeniable development potential and commanding frontage onto Waverley Road shopping precinct, the property provides a rare opportunity to enter into one of Melbourne’s most prestigious and tightly held post codes.
BUILDING AREA:
651sqm
ZONING
*
Commercial 1 Zone
LAND AREA:
631sqm* RENTAL
$146,235*
pa
12.2m Frontage
FROM 6 TENANCIES
OFF STREET PARKING TO THE REAR
TERMS OF SALE 10% Deposit on Sale, Balance 60-90 days
BUY ME For Sale by Expressions of Interest closing Thursday 7th December at 3pm
ERLE
Y RO
AD
M
ER ALV
O NR
WAV
WA
AD V EY ERL RO
SUBJECT
DEVEL
WAVERLEY OVAL
HOLMESGLEN
MONASH FREEWAY
MALVERN VALLEY GOLF COURSE
EAST MALVERN TRAIN STATION
OA
CHADSTONE SHOPPING CENTRE
BELGRAVE ROAD D
LOPMENT POTENTIAL
T TO COUNCIL APPROVAL
C E N T E N A RY HALL 4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T
A preliminary project scheme has been undertaken that highlights the potential of the property based on the current zoning and planning guidelines. Whilst it is not a definitive planning permit, the potential of the site is highlighted with good design and subject to planning approvals. In summary the future potential may allow:
GROUND LEVEL
LEVEL 1-4 Residential Apartments being a combination of 1 bedroom and 2 bedroom designs
SITE BOUNDARY
Commercial/Retail and Car Parking with rear access
TERRACE
BALC.
TERRACE
411 WAVERLEY ROAD
2 BED + FLEX
TP41-002
AHD. 36.10 m
AHD. 36.01 m
SECTION 1
2 BED
TERRACE
1
2 BED
WAVERLEY ROAD
COMMERCIAL 172 m²
Alternatively, given the Commercial 1 zone, there is scope to explore other schemes which will require planning approval:
OFFICE
MEDICAL
HOSPITALITY FOOD & BEVERAGE
SITE BOUNDARY
HOTEL ACCOMMODATION
2 BED
ROOF FL 52.000
2 BED
2800
2800
COMMUNAL ROOF TERRACE AHD. 52.32 m
BALC.
2800
2 BED
2800
L04 FL 49.200
BALC.
2 BED
2800
2800
L03 FL 46.100
BALC.
2 BED
2800
2800
02 FL 43.000
TERRACE
LOBBY 107 m²
PARKING 262 m²
3400
3400
01 FL 39.900
00 FL 36.100
AHD. 35.80 m
I’M A UNIQUE MIX OF TIMELESS ELEGANCE AND POTENTIAL. Stunning period building known as Centenary Hall built circa 1934. The property has been subdivided into six tenancies including two shops, a first floor two-bedroom apartment plus two large studio style spaces plus a storage unit. Certificate of Title: Volume: 6944 Folio: 655 Lot 1 on TP576878 Lot 1 on TP633440
PROPERTY DETAILS BUILDING AREA:
651sqm* LAND AREA:
631sqm
*
ZONING
Commercial 1 Zone UNDER THE CITY OF STONNINGTON PLANNING SCHEME
12.2m Frontage
51.9m Depth
I’M WELL BALANCED WITH SIX SEPARATE TENANCIES. TENANT ADDRESS
TENANT
RENTAL
LEASE TERM
COMMENCEMENT
Ground 430
Rochelle Barber
$20,414
3 + 3 years
19/1/2024
Ground 430A
Residential Apartment
$20,856
1 year
13/1/2023
Ground 430 Rear
Eilannin Jean Harris-Black
$28,374
3 + 1 + 1 years
16/11/2021
Ground 432
Grounded Movement Pty Ltd
$53,100
5 years
1/2/2024
Ground 432 Rear
Auburn Antiques Pty Ltd
$3,920
Monthly
16/1/2006
Ground 434
Texture & Colour Pty Ltd
$19,570
2 + 2 years
14/12/2023
TOTAL RENTAL: $146,235 PA* AS AT 01/02/2024
I’M UNIQUE - BIG WIDE AND OPEN SPACES ARE STILL INTACT.
I’M IMMACULATELY POSITIONED IN A PREMIUM SUBURB. The property is prominently located on Waverley Road between Darling Road and Malvern Road moments from East Malvern Train Station, Waverley Oval, Malvern Valley Golf Course, with convenient access to Warrigal Road and the Monash (M1) Freeway. The property is ideally positioned near a number of landmark establishments including Chadstone Shopping Centre, Caulfield Racecourse, Malvern Central and Carnegie Central.
NEARBY EDUCATION AMENITIES:
WELL SERVICED BY:
MALVERN EAST 3145. Malvern East, located 13km from Melbourne’s CBD, is a picturesque suburb known for its leafy streets, charming homes, and a vibrant community. With a mix of young professionals, families, and retirees, it offers a diverse and welcoming atmosphere. Residents enjoy easy access to parks, excellent schools, and a variety of dining and shopping options. This suburb perfectly balances suburban tranquility with urban convenience.
MALVERN EAST City of Stonnington
Median house price:
$2.055M LIFESTYLE
INDUSTRY SECTOR OF EMPLOYMENT
1,145
22,764 $2,311
1,767
32.9%
H ealth Care and Social Assistance P rofessional, Scientific and Technical Services
1,184 Population
Median weekly household income
Households made up of couples with children
OVERVIEW OF WORKERS - CITY OF STONNINGTON
E ducation and Training
1,709
Retail Trade
Live and work in the area:
14,085 Work in the area, but live outside
46,610 Live in the area, but work outside
45,354
MELBOURNE CBD
MONASH UNIVERSITY
C E N T E N A RY HALL 4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T
W
A
VE
RL
EY
RO
A
D
MA LV N RO AD
EAST MALVERN TRAIN STATION
ER
MALVERN VALLEY GOLF COURSE
MONASH FREEWAY
E N T A RY N E C HALL
BUY ME.
4 3 0 - 4 3 4 WAV E R L E Y R O A D M A LV E R N E A S T
WHAT, WHEN & WHERE? For Sale by Expressions of Interest closing Thursday 7th December 2023 at 3pm Terms: 10% Deposit on Sale, Balance 60-90 days
INSPECT
REQUEST
Make a private appointment with the exclusive agents
A contract of sale and vendors statement
Rodney King
Fred Nucara
Jeremy Gruzewski
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Managing Director 0418 567 560 fred@astoncommercial.com.au
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate