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Gross Waddell ICR - Commercial

8-10 Mount View Parade Mooroolbark, VIC 3138

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8-10 Mount View Parade,
Mooroolbark, VIC 3138

Development Sites & Land • Hotel, Motel & Leisure • Shops & Retail
Added 5 days ago

Detailed listing

Key property information

Land area

Floor area

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$427,960
Number of Tenants
26 Tenants

Auction

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Gross Waddell ICR - Commercial
Glenn Ye 叶格林
Michael Gross
Danny Clark

Gross Waddell ICR - Commercial

Level 1, 30 Collins Street
MELBOURNE, VIC 3000
Gross Waddell ICR - Commercial
8-10 Mount View Parade
Mooroolbark, VIC 3138

Detailed listing

Map of 8-10 Mount View Parade

Directions
  • Train stations within 5 km of 8-10 Mount View Parade, Mooroolbark, VIC 3138Distance
    Mooroolbark Station244 m
    Croydon Railway Station (Croydon)2.8 km
    Lilydale Station4.6 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 8-10 Mount View Parade, Mooroolbark, VIC 3138Distance
    Boronia Rdpark Cres3.4 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 8-10 Mount View Parade, Mooroolbark, VIC 3138Distance
    Diane Cres/Manchester Rd (Mooroolbark)435 m
    Mooroolbark Bowls Club/Hull Rd (Croydon)525 m
    Paul St/Hull Rd (Croydon)568 m
    Mooroolbark Community CentreOpp 94 Brice Ave Mooroolbark620 m
    Mooroolbark Community Centre/94 Brice Ave (Mooroolbark)632 m
    POWERED BY HERE ©
POWERED BY HERE ©

2 High Yielding Apartment Blocks with Additional Value-Add Potential

  • 26 Individual Titles
  • Fully Leased with Strong Rental Return
  • Additional Rental Reversion
Gross Waddell ICR is pleased to offer for sale 8-10 Mount View Parade, Mooroolbark. Positioned in the heart of Mooroolbark, this rare investment opportunity comprises of 2 residential blocks with 26 individually titled apartments on a generous landholding. Set in a leafy eastern suburb offering amazing amenity and connectivity, these 2 blocks of apartments are ideally suited for land-bank investors or value-add investors (STCA).

• 26 x 1-bedroom apartments across 2 separate apartment blocks

• Fully leased with strong holding income of $427,960* gross p.a.

• Scope for additional rental reversion providing ability to increase weekly rentals

• Secure long-term tenancy profile with limited competing rental stock in the immediate surrounds

• Scope for further refurbishment, strata sell-down, or to explore development options (STCA)

• Substantial 2,792 sqm* landholding within a favourable General Residential 1 Zone (GRZ1)

• Walking distance to an array of retail and lifestyle amenity along Manchester Road and Brice Avenue

• Metres to Mooroolbark train stations and easy access to Maroondah Highway and Mt Dandenong Road providing ideal connectivity

• Mooroolbark boasts a strong median house price of $910,000 and a median weekly rent of $630 (source: REIV)

For Sale by Public On-site Auction on Friday the 27th of February 2026 at 12:00 pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*approx.

Mooroolbark, 3138 demographic data

The median household income for Mooroolbark is $1,994, 5% higher than Greater Melbourne's household income of $1,901. Mooroolbark has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 59% of property owners in Mooroolbark have a mortgage.

23,059
Population
$1,994 per week
Median household income
37 years
Median age
Owners
Most residents
Families
Most households