***SOLD***
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
