Positioned along Waverley Road in the heart of Malvern East, this versatile freehold presents a rare opportunity to secure a mixed-use property with immediate functionality, multiple income options and future upside.
Open: 11:00-11:30 Saturday
Set on approximately 216sqm, the property offers a flexible ground-floor commercial space with excellent street exposure, ideal for an owner-occupier, investor or business operator seeking a prominent and accessible location.
Adding further appeal, the upper level features a separately accessed one-bedroom apartment, entered externally, creating the potential for dual occupancy, separate rental income, staff accommodation or live/work flexibility.
A valuable point of difference is the rear access via the back lane, improving practicality for deliveries, parking options, storage access or future design flexibility.
With no heritage overlay detected and scope to explore future improvement, extension or redevelopment options, including possible multi-level outcomes subject to council approval, this is a property with more than one way to perform.
Whether you are looking to occupy, lease, renovate, invest or landbank in a tightly held Malvern East position, 411 + 411A Waverley Road offers a compelling combination of commercial frontage, residential income potential and long-term flexibility.
Feature bullets
• Mixed-use freehold opportunity in Malvern East
• Ground-floor commercial premises with Waverley Road exposure
• Separate upstairs one-bedroom apartment
• External/private access to the residence
• Rear lane access from the back
• Approx. 216sqm landholding
• Flexible occupy/invest/live-work opportunity
• Potential dual-income investment
• No heritage overlay detected - buyer to verify
• Future improvement or redevelopment potential, STCA
• Possible scope for multi-level outcome, subject to planning approval
• Suit investors, owner-occupiers, developers or business operators
Added 20 May, 2026
Property ID: #L40962012
