Fire up your engines for this red hot opportunity to purchase the Malvern Fire Station and adjoining 2 level office building adjacent to the Monash University Caulfield Campus precinct.

Located approximately 150 metres from the intersection of Waverley Road and Dandenong Road, the site is in a precinct nominated as a Major Activity Centre in Melbourne 2030 and the focus of increased housing, educational, economic and community activities. Enjoy the excellent income stream and plan ahead to maximise the property’s substantial mixed use development potential (STCA).

PROPERTY ATTRIBUTES

• Two (2) separate buildings on 1 Title (Volume 9499 Folio 814)
• Land area: 1,376 m2 (14,811 ft2) approx
• Building area: 1,250 m2 (13,455 ft2) approx
• Frontage: 34.75 m (114 ft approx) to Waverley Road, car park at the rear.
• 150 m approx from intersection of Waverley Road and Dandenong Road
• Right of way access at rear from Dandenong Road and Burke Road
• Business 2 Zone under the City of Stonnington Scheme
• Current Leasehold income stream

MIXED USE DEVELOPMENT POTENTIAL

Included as part of the City of Stonnington ‘Waverley Road Urban Design Framework Plan (dated March, 2008).

Key issues identify an expansion of student housing development within the Dandenong-Burke-Waverley Road triangle.

Buildings may be constructed up to 4 storeys with an overall 15 metre height allowance (requires 4th storey setback) as proposed by Design and Development Overlay 5.

Indicative building plans available for inspection.