Two Level Freehold Commercial Building - Occupy the Ground Floor, Collect the Rent from the First Floor
49 Wadham Parade, Mount Waverley VIC 3149
Range: $1,650,000 - $1,800,000
OfficeSize: n/a
Block size: 163 m² approx.
The Opportunity
* View the virtual tour and floor plan
* Occupy the 106 sqm ground floor
* Collect the $51,035 per annum income from the two first floor tenants
The Building
* Two level retail and office building
* Freehold title on 163 sqm land area, broad Commercial 1 zone
* 322 square metres of gross floor area across the two floors
* 239.5 sqm of net lettable area with additional common areas and 40 sqm secure garage
* Divided into three tenancies - ground floor and 2 x first floor
* Internal garage with rear lane access
* Solid brick construction
* Lots of amenity within the building
* Functional and regular shaped
* Affordable rentals which are always easily rented, opposite the train station and surrounded by car parking and amenity
* Low outgoings for the tenants
The Return
* Ground floor - 106 sqm, vacant
* First floor - 83.5 sqm, returning $27,000 pa net, expiry 02/07/25
* First floor - 50 sqm, returning $24,035 pa net, expiry 28/02/26 plus 3 year option
* Combined return of $51,035 per annum net
The Location
* Popular Mount Waverley commercial and retail hub
* 100 metre walk to Mount Waverley train station
* Positioned just off Stephensons Road, easy access to all interlinking traffic routes
* Surrounded by amenity and car parking
* Solid eastern suburbs demographic
* Mount Waverley median house price of $1,638,000 and median unit price of $1,076,500 (via realestate.com.au)
* View the virtual tour and floor plan
* Occupy the 106 sqm ground floor
* Collect the $51,035 per annum income from the two first floor tenants
The Building
* Two level retail and office building
* Freehold title on 163 sqm land area, broad Commercial 1 zone
* 322 square metres of gross floor area across the two floors
* 239.5 sqm of net lettable area with additional common areas and 40 sqm secure garage
* Divided into three tenancies - ground floor and 2 x first floor
* Internal garage with rear lane access
* Solid brick construction
* Lots of amenity within the building
* Functional and regular shaped
* Affordable rentals which are always easily rented, opposite the train station and surrounded by car parking and amenity
* Low outgoings for the tenants
The Return
* Ground floor - 106 sqm, vacant
* First floor - 83.5 sqm, returning $27,000 pa net, expiry 02/07/25
* First floor - 50 sqm, returning $24,035 pa net, expiry 28/02/26 plus 3 year option
* Combined return of $51,035 per annum net
The Location
* Popular Mount Waverley commercial and retail hub
* 100 metre walk to Mount Waverley train station
* Positioned just off Stephensons Road, easy access to all interlinking traffic routes
* Surrounded by amenity and car parking
* Solid eastern suburbs demographic
* Mount Waverley median house price of $1,638,000 and median unit price of $1,076,500 (via realestate.com.au)
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Richard Impiombato to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
3
Property type:
Office
Block Size:
163 m²*
Other Details
Lot:
2
Plan:
LP81103
Legal description:
2\LP81103
Maps and area information
Block information
Block size: 163m² (approx)
Legal description: 2\LP81103
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
18 Jan 2018
Sold
Cameron
Listed: 08/01/2018
Block size: 163m²
Transfer type: Full transfer
Mount Waverley suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
35,340
Listing ID: 182394025. This listing has been viewed 5 times. It was first displayed on 22/03/2024 and last updated on 02/07/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.