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
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:
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