{"Slug":"house-275-waverley-road-malvern-east-vic-3145-2","CanonicalUrl":"https://realsearch.com.au/house-275-waverley-road-malvern-east-vic-3145-2","Address":"275 Waverley Road, Malvern East, Vic 3145","Suburb":"Malvern East","State":"VIC","Postcode":"3145","PropertyType":"House","Status":"For Sale","Headline":null,"Description":"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 HighlightsSet 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 & LifestyleEnjoy 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 leasingoSelf-contained secondary residence, perfect for extended family or supplementary incomeCombined, 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 growthThis 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.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"$4.55m"},"Bedrooms":"6","Bathrooms":"3","Parking":"4","Features":[{"Name":"Bedrooms","Value":"6"},{"Name":"Bathrooms","Value":"3"},{"Name":"Carports","Value":"4"},{"Name":"Area","Value":"604 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-37.87693784,"Longitude":145.05769691,"Agent":{"Name":"Tony Kwan","CanonicalUrl":"https://realsearch.com.au/tony-kwan-real-estate-agent-from-barry-plant-eastern-group-property-management-and-sales-whitehorse"},"Agency":{"Name":"Barry Plant - Whitehorse","CanonicalUrl":"https://realsearch.com.au/barry-plant-whitehorse"},"CreatedAt":"2026-03-20T08:00:56.204744","UpdatedAt":"2026-03-20T09:54:30.0842942"}