162-166 Waverley RoadMalvern East VIC 3145
Property Details for 162-166 Waverley Rd, Malvern East
Last Listing description (November 2023)
Colliers are pleased to present 162-166 Waverley Road, Malvern East, Available via Private Sale.
This expansive, dual frontage site, featuring substantial office improvements, is sensationally located in Malvern East, one of metropolitan Melbourne's most sought-after and affluent locations.
Key highlights include:
Substantial dual fronted site of 836m* featuring frontage to Waverley Road & rear laneway
High quality office building of 370m* comprising a mix of open plan areas, private offices, meeting rooms, board room and extensive staff amenity
Significant parking at the rear for 14 car spaces
Flexible Commercial 1 Zoning provides a multitude of multi-storey development outcomes, including residential, medical, commercial, retail or office (STCA)
North facing block ensures ample natural light along with stunning views to the north and south across the highly coveted Ardrie Park precinct
Premium location in highly sought-after Malvern East, close proximity to the Gascoigne and Ardrie Park Estates, featuring some of Melbourne's most expensive and prestigious residential real estate
Malvern East median house price of $2,125,000 (Source REIV)
Situated within close proximity to Monash University Caulfield Campus, a premier Australian university
Short walking distance from Caulfield Racecourse, soon to feature a $570m redevelopment into one of Melbourne's largest sporting and entertainment precincts
Further exceptional local amenity including Central Park, Caulfield Park, Ardrie Park, Waverley Road & Burke Road retail strips, Chadstone Shopping Centre, Malvern Central Shopping Centre, Cabrini Hospital, Caulfield Hospital & Koornang Road Carnegie
Quality education facilities in close proximity, including Monash University, Korowa Anglican Girls School, Sacre Coeur, Caulfield Grammar School (Malvern & Caulfield campus), Melbourne Grammar School (Grimwade campus), Glen Eira College, Saint Mary's Primary School, Lloyd Street School, Malvern Primary School
Property History for 162-166 Waverley Rd, Malvern East, VIC 3145
- 10 Nov 2023Sold for $3,600,000
- 02 May 2023Listed for Sale Please contact agent
- 21 Nov 2014Sold for $2,750,000
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About Malvern East 3145
The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2011 was 20,066 people. By 2016 the population was 21,713 showing a population growth of 8.2% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation. In 2011, 68% of the homes in Malvern East were owner-occupied compared with 64.9% in 2016.
Malvern East has 12,559 properties. Over the last 5 years, Houses in Malvern East have seen a 17.33% increase in median value, while Units have seen a 2.55% increase. As at 31 October 2024:
- The median value for Houses in Malvern East is $2,267,143 while the median value for Units is $658,303.
- Houses have a median rent of $780 while Units have a median rent of $500.
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