GormanKelly Commercial in conjunction with Colin Knight Real Estate are pleased to offer 113 Waverley Road, Malvern East for sale by auction on Wednesday 15th October, 2014 at 12 noon.

View the property video here: http://bit.ly/1tXOIgE

This is a rare opportunity, providing a hassle-free investment located in high-profile location along a busy retail strip.

We believe the most outstanding aspects of this property include:

* Single storey retail shop offering enormous potential (STCA);
* Building area 53m² with rear lane access and onsite parking;
* 3 year lease plus options, currently returning $22,992 net p.a. plus GST & outgoings (Rent increasing to $23,676 net p.a. from 15th October 2014);
* Land area 167m², zoned Commercial 1;
* Well serviced by public transport with trams at doorstep, bus services close by & 650m from Caulfield Train Station;
* Located within busy retail strip three doors down from the corner of Burke Road and diagonally opposite McDonalds;
* Good accessibility to:
- Princess Highway & Monash Freeway
- 500 metres to Monash University, Caulfield Campus
- Minutes to City Link

113 Waverley Road is situated on the northern side of Waverley Road, between Tennyson Street and Burke Road, approximately 10 kilometers from the Melbourne CBD. With its direct access to Dandenong Road and the Monash Freeway, Waverley Road is a major arterial thoroughfare.

The property is positioned within a vibrant local retail strip, strongly serviced by the dense surrounding residential catchments and heavy thoroughfare of passing traffic and pedestrians. A highly desirable location, positioned within the heart of residential suburbs of Glen Iris, Malvern and Armadale and within close proximity to Chadstone Shopping Centre, Caulfield Racecourse and Monash University Caulfield Campus, to name a few.