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

Rarely does an asset emerge with immediate returns with blue-chip development upside. Positioned in the heart of a thriving activity precinct, 213-215 Blackburn Road represents a premier acquisition for the astute investor and the strategic developer alike.

This significant 1,017 m² landholding, zoned Commercial 1 (C1Z), is currently anchored by a high-performing premium hospitality tenant, delivering a robust net income with structured annual growth.

Investment Summary

Net Annual Income: $238,702.50 p.a. + GST
Built-in Growth: Fixed 3% annual rent increases
Secure Lease Structure: Term expiring October 2028 with further options
Low-Overhead Asset: Net lease with tenant paying all recoverable outgoings (excl. Land Tax)
Strategic Landholding: 1,017 m² of prime Commercial 1 Zone (C1Z) land
Unrivalled Connectivity: 300m to Mount Waverley Station; 2km to The Glen Shopping Centre
Future Upside: Development clause embedded in the lease to facilitate long-term planning

For the Visionary Developer: Get Paid to Plan

Capitalise on the "land-bank" opportunity of the year. With a substantial passing income to offset holding costs, you have the breathing room to design and permit a landmark mixed-use project. The site's favourable zoning and proximity to transport support a high-density vision of 6+ levels (STCA).

Elite Tenant Covenant

The property is home to a renowned destination restaurant specialising in premium live seafood and Cantonese cuisine.

Proven Patronage: A destination venue attracting consistent foot traffic from across Melbourne.
High Exposure: A landmark street presence with excellent brand visibility.
Professional Operations: A long-standing, reputable business known for quality and reliability.

Private Sale
To request a comprehensive Information Memorandum or to arrange a private inspection, please contact the exclusive 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