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97 Kingsway
Glen Waverley VIC 3150

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 342m2
Land area: 188m2
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Secure Your Piece of Kingsway's Finest

- Exceptional Property Attributes
- Substantial Growth Opportunities
- Prime Retail Destination
Key Highlights of the Opportunity:
Prominent Building: 342 sqm building with dual income streams.
Strong Returns: Generating a combined return of $387,982 plus GST / outgoings. ( Ground Level 5 year lease with 3x5 year options and First Floor 5 Year lease )
Prime Location: Located opposite the newly refurbished Glen Shopping Centre and within an area projected for $1 billion in development.
Development Potential: Significant future development potential of up to 6 levels (22m) (STCA).
Favorable Zoning: Commercial 1 Zoning.
Connectivity: Just 110m from Glen Waverley train station, a major bus interchange, ensuring a steady flow of customers.
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Property Details for 97 Kingsway, Glen Waverley

Building Type
Commercial
Floor Size
342m2
Land Size
188m2

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About Glen Waverley 3150

The size of Glen Waverley is approximately 16.8 square kilometres. It has 53 parks covering nearly 13.2% of total area. The population of Glen Waverley in 2011 was 39,204 people. By 2016 the population was 40,331 showing a population growth of 2.9% in the area during that time. The predominant age group in Glen Waverley is 10-19 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation. In 2011, 76.4% of the homes in Glen Waverley were owner-occupied compared with 72.6% in 2016.

Glen Waverley has 19,569 properties. Over the last 5 years, Houses in Glen Waverley have seen a 25.47% increase in median value, while Units have seen a 12.61% increase. As at 31 October 2024:

  • The median value for Houses in Glen Waverley is $1,720,848 while the median value for Units is $922,039.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 108 properties listed for sale, and 65 properties listed for rent in Glen waverley on OnTheHouse. According to CoreLogic's data, 749 properties were sold in the past 12 months in Glen waverley.

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Jason Bertram
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Anita Meng
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Harcourts Judd White
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