151-153 Springvale Road

Glen Waverley VIC 3150

With size, scope, and a sensational location, this well-maintained property has much to offer. Currently occupied as a licenced rooming house with a lucrative rental return of approx. $200,000 per annum, the facility boasts a practical floorplan with 13 bedrooms, 9 bathrooms, 3 living areas, and a commercial-style kitchen on the ground floor, whilst upstairs, there is a fully self-contained studio with a living/dining room, 3 bedrooms, 1 bathroom, a kitchen and bathroom.

Poised on a massive 1417sqm approx. there is endless future potential to use the site as professional suites, a retirement/aged care facility, a medical or childcare centre, or, redevelop with multiple new homes or apartments (STCA). Features include hydronic heating, CCTV, and a 7-car basement carpark with bike storage.

The location is unbeatable, with a bus stop out the front and a short walk from The Glen Shopping Centre offering a wide selection of wonderful eateries, restaurants, cafes, and shopping outlets, Glen Waverley Primary School, Secondary College, and Train Station, with proximity to Wesley College, Deakin University, a variety of local parks, Monash Freeway and University.