315 Stephensons RoadMount Waverley VIC 3149
Property Details for 315 Stephensons Rd, Mount Waverley
Last Listing description (October 2023)
Gross Waddell ICR is pleased to offer for sale 315 Stephensons Road Mount Waverley by Public Auction 12pm on Friday the 20th of October 2023.
Key Highlights:
A central Stephensons Road retail freehold which is securely leased to a flourishing restaurant One of the most authentic Melbourne Thai Cuisine "MANGO TREE THAI"
New 5-year lease to September 2026, plus options through to 2036.
Securely leased for $64,215 net per annum* and fixed 3.5% annual increases
Ultra-prime landholding of 209 sqm* and favourable Commercial 1 Zone (C1Z) with the added convenience of rear lane access and council parking
Future potential 5-level development (STCA)^
Tightly held retail precinct with immediate access to public transport including buses and Mount Waverley train station
Bustling catchment of Melbourne's best education hub and a soaring median house price of $1,556,000* (source REIV)
For Sale via Public On-site Auction on Friday 20th October 2023 at 12pm.
For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
^ source: Mount Waverley Activity Centre - Draft Structure Plan
Property History for 315 Stephensons Rd, Mount Waverley, VIC 3149
- 20 Oct 2023Sold for $1,690,000
- 18 Sep 2023Listed for Sale Contact Agent
- 11 May 2018Listed for Sale Not Disclosed
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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 17,569 properties. Over the last 5 years, Houses in Mount Waverley have seen a 39.38% increase in median value, while Units have seen a 22.53% increase. As at 31 July 2024:
- The median value for Houses in Mount Waverley is $1,682,424 while the median value for Units is $1,042,557.
- Houses have a median rent of $675 while Units have a median rent of $660.
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