SOLD
Sold on 24 Jan 2024 for $2,400,000

312 Stephensons Road
Mount Waverley VIC 3149

Bedrooms: 1
Bathrooms: -
Car spaces: 2
Land area: 218m2
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Property Details for 312 Stephensons Rd, Mount Waverley

Building Type
Commercial
Land Size
218m2
Local Government
Monash
Lot/Plan
21/LP13952

Last Listing description (November 2023)

Aston Commercial are pleased to offer 312 Stephensons Road, Mount Waverley for Private Sale.

The ground floor of 180 sqm* is vacant and ready to occupy. This space is currently fitted out as offices, but could easily be transformed into a retail space or even medical usage (STCA). There is a large reception with multiple offices and a meeting room with separate kitchen and toilet facilities. The ground floor is available for lease.

The first floor is securely leased for $41,523 per annum* plus GST & outgoings with the ability to occupy in the future. Move into the ground floor today and expand upstairs in the future.

Property Features:

Total building area of 373 sqm*
Total land area 217 sqm*
Current annual rental $41,523 + GST + Outgoings
Rear access to large public car park
Undercover car parking for two (2) cars
Surrounded by major retailers
Enormous development upside (STCA)

This wonderful freehold property is prominently positioned in one of south-east Melbourne's most desirable and highly sought after locations and is set upon a prime land allotment of 217 sqm*.

The property has on-site parking plus rear access to a substantial council car park.

Please contact Aston Commercial to arrange your private inspection.

*approx

Property History for 312 Stephensons Rd, Mount Waverley, VIC 3149

A timeline of how this property has performed in the market
Last Sold
$2,400,000
24 Jan 2024
Listed for Rent
$102k/w
23 Nov 2023
  • 24 Jan 2024
    Sold for $2,400,000
  • 09 Nov 2023
    Listed for Rent - Price not available
  • 07 Nov 2018
    Listed for Sale Auction 06/12/18
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About Mount Waverley 3149

The size of Mount Waverley is approximately 15.2 square kilometres. It has 41 parks covering nearly 11.6% of total area. The population of Mount Waverley in 2011 was 32,077 people. By 2016 the population was 33,613 showing a population growth of 4.8% in the area during that time. The predominant age group in Mount Waverley is 40-49 years. Households in Mount Waverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Waverley work in a professional occupation. In 2011, 76.8% of the homes in Mount Waverley were owner-occupied compared with 74.2% in 2016.

Mount Waverley has 17,534 properties. Over the last 5 years, Houses in Mount Waverley have seen a 22.51% increase in median value, while Units have seen a 19.94% increase. As at 31 October 2024:

  • The median value for Houses in Mount Waverley is $1,649,002 while the median value for Units is $1,127,316.
  • Houses have a median rent of $700 while Units have a median rent of $680.
There are currently 78 properties listed for sale, and 38 properties listed for rent in Mount waverley on OnTheHouse. According to CoreLogic's data, 615 properties were sold in the past 12 months in Mount waverley.

Suburb Insights for Mount Waverley 3149

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.