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For sale

616-618 Warrigal Road,
Malvern East 3145, Victoria

22 bedrooms
17 bathrooms
Other

FOR SALE

Property Price Statement

Property details

Newly Completed Mixed-Use Investment - Blue Chip Malvern East

Completed in 2022, this premium apartment block presents an outstanding opportunity to acquire a substantial investment with exceptional future upside. Offering significant depreciation benefits, diversified income streams, and a rare scale in this tightly held pocket, this property is well-positioned to appeal to both long-term investors and strategic buyers.

Key Highlights

• 13 x fully completed 1 & 2 bedroom apartments on one title with the ability to strata and sell down in the future (STCA)
• Quality finishes throughout with premium appliances; several apartments fully furnished
• Flexible income streams: currently leased on 12-month residential tenancies with potential for higher returns via Airbnb (proven track record)
• Ground floor retail component securely leased on a 5-year term to 2027, with further options to 2032
• Projected Net Income: $417,071 pa* + GST
• Draft strata plan prepared, providing multiple future exit strategies (STCA)
• Superb connectivity: 600m* to Monash Freeway, opposite Chadstone Lifestyle Mega Store, 1.1km* to Chadstone Shopping Centre - Australia's largest and most renowned retail destination
• Excellent public transport links: Holmesglen Train Station and major bus routes nearby
• Surrounded by a broad range of amenities including Holmesglen Institute, Glen Iris Private Hospital, Malvern Valley Golf Club, and local parks and reserves

Location Advantage

• Situated within Malvern East, one of Melbourne's most sought-after residential and investment markets
• Median house price: $2,125,000* | Median 2-bedroom apartment: $633,500*
• Part of the City of Stonnington, a premier metropolitan municipality boasting a Gross Regional Product of $10.13 billion*

Investment Rationale
A rare tactical acquisition offering both immediate income security and outstanding future upside. Options include:

• Long-term income investment
• Strata subdivision and sell-down (STCA)
• Active asset management with short-stay/Airbnb strategy

This is a rare opportunity to secure a premium mixed-use asset in a true blue-chip location.

Contact us today to request the Information Memorandum.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Inspections

Explore the area

School catchments

  • Malvern Valley Primary School Primary Prep-6 Government 0.97km
  • St Mary Magdalen’s School Primary Catholic 0.99km
  • St Michael's School Primary Prep-6 Catholic 1.6km
  • Solway Primary School Primary Prep-6 Government 1.7km
  • Ashburton Primary School Primary Prep-6 Government 1.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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