For Sale

275 Waverley Road, Malvern East, Vic 3145

$4.55m

House

Type

Bedrooms

Bathrooms

Parkings

604 m²

Area

Published on Friday, March 20, 2026 ( See property details for 275 Waverley Road, Malvern East, Vic 3145)

$4.55m

View the agent price guide.

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile, high-yielding mixed-use property in a sought-after Malvern East location with development potential and multiple income streams.

🏡 Property Highlights

Substantial 604sqm allotment with a wide 15m+ frontage
Approved planning permit for a four-level office development with basement
Multiple income streams including established coin laundry and dog wash facility
Flexible retail/shopfront space suitable for various uses (STCA)
Two renovated residences offering strong rental appeal
Prime location with excellent connectivity to public transport, major arterials, and lifestyle destinations

✨ Key Features

Open-Plan Living
Built-in Robes
Outdoor Area
Solar Panels
Waterfront / Views
EV Charging Ready
Secure Parking
Internal Laundry
Home Office / Study
Dishwasher

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275 Waverley Road

Malvern East, VIC 3145

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Suburb and Property Insights of Malvern East, VIC 3145

Malvern East is a highly sought-after suburb renowned for its excellent connectivity, vibrant lifestyle, and strong community. It offers easy access to public transport, major roads, top educational institutions, and premier retail precincts. The area boasts a mix of established homes, commercial hubs, and development opportunities, making it ideal for investors and families alike. With its attractive amenities and growth prospects, Malvern East continues to be a prime location for long-term value appreciation.

Frequently Asked Questions

What are the current zoning and development opportunities for this property?

The property is zoned Commercial 1 and includes an approved planning permit for a four-level office development with basement, offering significant future upside.

What are the existing income streams and potential for further income growth?

The property generates approximately $90,000 annually from established coin laundry and dog wash facilities, with additional income from a retail space and rental residences, totaling an estimated $1,500 per week in rental income.

Are there any restrictions or covenants associated with the property?

The property has an approved planning permit for development, but specific restrictions or covenants should be confirmed through due diligence with local authorities.

What is the condition of the residential dwellings and commercial spaces?

Both residences have been recently renovated, and the commercial spaces are equipped with modern, energy-efficient equipment, ensuring they are well-maintained.

What are the nearby amenities and transport options?

The property is located close to public transport, major arterials, leading educational institutions, and Melbourne’s premier retail and lifestyle destinations.

What to ask about this property to agent?

Are there any upcoming planning or development proposals in the area that could impact the property's value or usage? What are the total costs involved in maintaining and managing the commercial and residential components? Are there any existing easements, covenants, or restrictions that could limit future development or use? Has the property been assessed for flood or bushfire risks relevant to the area? Are there any strata or body corporate arrangements, and what are the associated fees and responsibilities?

275 Waverley Road, Malvern East, Vic 3145 - More Details

$4.55m

An exceptional opportunity to secure a versatile freehold asset in a highly sought-after Malvern East location. Perfectly suited to investors and owner-occupiers alike, this property offers a unique combination of immediate income, flexible living, and long-term development potential.

Property Highlights
Set on a substantial 604sqm (approx.) allotment with a wide 15m+ frontage, the property is zoned Commercial 1 and includes an approved planning permit for a four-level office development with basement – delivering outstanding future upside.

Prime Connectivity & Lifestyle
Enjoy a highly accessible location just moments from public transport, major arterials, leading educational institutions, and Melbourne’s premier retail and lifestyle destinations.

Multiple Income Streams
* Established Businesses: Long-standing coin laundry (approx. 60 years) and modern dog wash facility generating a combined income of circa $90,000 per annum. Recent upgrades include premium Huebsch commercial equipment, automated payment systems, and energy-efficient solar infrastructure.
* Additional Commercial Space: Flexible retail/shopfront (approx. 57sqm) suitable for a variety of uses (STCA), offering further income potential.
* Dual Residences: Two renovated dwellings providing strong rental appeal and flexibility:
oSpacious five-bedroom residence with study, ideal for large families or premium leasing
oSelf-contained secondary residence, perfect for extended family or supplementary income
Combined, the residential component delivers an estimated rental return of approximately $1,500 per week, with scope to further enhance returns (STCA).

Investment Appeal
* Diverse and secure income streams
* Approved development pathway enhancing long-term value
* High-demand location supporting strong occupancy and rental growth
This is a rare opportunity to acquire a high-performing, mixed-use asset with both immediate returns and significant future potential.

Inspections strictly by appointment.
For further information, please contact Tony on 0422 876 886 or Dominic on 0400 588 802.

Type: House
Bedrooms: 6
Bathrooms: 3
Parkings: 4
Area: 604 m²

Price guide

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275 Waverley Road, Malvern East, Vic 3145

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