153-155 & 157-159 Waverley Road Malvern East VIC 3145

**UNDER OFFER**

+ The opportunity comprises side-by-side freehold buildings, with net leases to long-term tenants ME Physio and Cahill Chiropractic providing a diversified income stream along a major retail thoroughfare

+ Each property is secured by a 7 year lease expiring in 2029 with no further options, providing the opportunity to renew the current tenants, occupy the buildings or enhance via a variety of development outcomes (STCA)

+ Valuable street frontage of 18m* Waverley Road and rear laneway accessed via Bent Street

+ 892sqm* Commercial 1 Zone landholding allowing for a variety of future development uses including residential, retail, office, hotel and student accommodation (STCA)

+ Close to world class retail & lifestyle amenity via Chadstone Shopping Centre, Caulfield Racecourse, and Monash University

+ Excellent connectivity via public transport including Caulfield Railway Station and tram access along Waverley Road, in addition to major nearby arterials such as Dandenong Road and the Monash Freeway

+ Combined income of $163,226 pa*

Please contact CBRE for further information or to organise an inspection.

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()

*Denotes Approx.