Retail for Sale

213 - 215 Blackburn Road Mount Waverley, VIC 3149

Price on Application

Building: 480m²
Land: 1,017m²

Contact the agent if you'd like further information.

Enquire with Agent

Retail for Sale in Mount Waverley

Activity Centre with Future Upside

Building: 480m²
Land: 1,017m²

Next Steps:

Enquire with agent

213-215 Blackburn Road, Mount Waverley

Stop choosing between today's returns and tomorrow's growth - 213-215 Blackburn Road Mount Waverley has both!

This Commercial 1 (C1Z) Zoned property is leased to a high-performing F&B tenant, generating a NET annual income of $238,702 plus recoverable outgoings.

This is a rare opportunity to acquire a premier commercial asset that delivers both substantial, immediate cash flow and significant future development potential.

Key Investment Highlights:

Secure Net Income: $238,702.50 p.a. + GST

Hassle-Free Net Lease: Tenant pays all outgoings (excluding Land Tax).

Secure Tenancy: Leased until October 2028 with further options.

Substantial Landholding: 1,017 m² in a prime location.

Favourable Zoning: Flexible Commercial 1 Zone (C1Z).

Prime Connectivity: Walk to train station (300m) and near Glen Shopping Precinct (2km).

Future-Proof Potential: Clear scope for a 6+ level mixed-use development (STCA).

Strategic Flexibility: Includes a development clause embedded in the lease.

For the astute investor, this is a truly passive, "set & forget" investment, with upside. You get both! Enjoy stable returns from a secure lease structure while the tenant manages the property's outgoings. It provides immediate, substantial cash flow for your portfolio.

For the Visionary Developer / Land-Banker

Get paid to plan. This is a strategic opportunity to secure a major landholding in a prime location. Let the significant passing income cover your holding costs while you design and permit your future landmark project (STCA).

The Premier Tenant Covenant

The property is leased to a highly popular and well-regarded premium restaurant, ensuring stability and reliability.

A renowned specialist in live seafood and Cantonese cuisine, attracting diners from all over Melbourne.
Experiences high levels of foot traffic and consistent, proven patronage.
Occupies a landmark building with excellent exposure, acting as a major drawcard for the area.
A professional, long-standing business known for quality and reliability.

Properties offering this perfect blend of guaranteed income, a high-calibre tenant, and tangible future value are exceptionally rare.
For Sale via Expression of Interest (EOI), Closing Friday 12 December 2025 at 4:00 PM (AEDT)

To obtain a copy of the Information Memorandum or to arrange a private inspection, please contact the exclusive marketing agents.

Will Jonas

0422 883 011
will.jonas@raywhite.com

Ryan Trickey

0400 380 438
ryan.trickey@raywhite.com

Building:

480m²

Land:

1,017m² / 0.25 acres

Zone:

Commercial 1 Zone

Tenancy:

Tenanted

Categories:

Retail, Land/Development, Hotel/Leisure

Next Steps:

Enquire with agent

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Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply