The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterMon 31 Aug 15

Malvern East Showroom And Land Has Approved Permit

S

A freehold showroom and land holding with a mixed use development permit in the heart of Malvern East will be up for auction this month.

The property will be auctioned on Thursday, September 24 at 1pm on site by Teska Carson.

Located at 280-282 Waverley Road, within the Waverley Road Village, the property comprises a single level, 295 sqm showroom currently being utilised as a photography studio.

The 704 sqm site, zoned Commercial 1 under the City of Stonnington Planning Scheme, has frontage to both Waverley Road of 15m and to Terminus Lane of 15m the latter providing access to secure on site car parking for 11 cars.

According to marketing agents, Teska Carson’s Michael Taylor and Tom Maule, the prime freehold property offers significant upside in its suitability for a variety of uses.

"This outstanding freehold property is suitable for owner-occupation, investment or development (STCA) with its main road exposure, excellent frontage and flexible zoning providing purchasers with multiple options,’’ Mr Maule said.

He said a planning permit had been issued for the construction of a three storey mixed use development comprising ground floor showroom/office, first floor offices and second floor apartments.

Mr Maule said the highly exposed location offered easy access to a number of Melbourne’s major arterial routes, Melbourne’s CBD, public transport and CityLink, together with many other lifestyle amenities in the well-known and strongly performing Waverley Road retail precinctMr Taylor said Malvern and surrounding suburbs had, in recent years, seen significant growth and an upsurge in popularity due to a number of high profile developments that had either been completed, were under construction, or were in the planning stages.

"Recent development in this area provides an indication of just how attractive it is and the likelihood it will continue to provide property owners and purchasers with strong investment growth and development opportunities,’’ Mr Taylor said.

The property is being offered with vacant possession.

OtherRetailOfficeAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
6 Min
Exclusive

Where 600 Wealthy Families Are Putting Their Millions

Taryn Paris
6 Min
Brique Projects EDM
Exclusive

Brique Thrives in Cauldron of SE Queensland Development

Clare Burnett
7 Min
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
7 Min
Riverlee Seafarer's 1 Hotel HERO
Exclusive

Melbourne’s North Bank Awakens After Decades of Dormancy

Leon Della Bosca
8 Min
View All >
Bates Smart Architects' rendering of the two towers for Lendlease, MEA and NSKRE's project at 175 Liverpool Street in Sydney.
Residential

Lendlease Signs Partners for Hyde Park Highrise

Marisa Wikramanayake
Community

Urbanity Day One: Five Key Takeaways

Leon Della Bosca
Exclusive

The Urban Developer Awards for Industry Excellence Winners Revealed

Editorial Desk
The property sector’s best and brightest have been recognised at a gala dinner on the Gold Coast…
LATEST
Bates Smart Architects' rendering of the two towers for Lendlease, MEA and NSKRE's project at 175 Liverpool Street in Sydney.
Residential

Lendlease Signs Partners for Hyde Park Highrise

Marisa Wikramanayake
2 Min
Community

Urbanity Day One: Five Key Takeaways

Leon Della Bosca
17 Min
Exclusive

The Urban Developer Awards for Industry Excellence Winners Revealed

Editorial Desk
14 Min
Markets

Turn of the Tide as Supercycles Track Upwards

Clare Burnett
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/malvern-east-showroom-land-approved-permit