151-153 Springvale Road, Glen Waverley VIC 3150

With size, scope, and a sensational location, this well-maintained property has much to offer. Currently occupied as a licenced rooming house with a lucrative rental return of approx. $200,000 per annum, the facility boasts a practical floorplan with 13 bedrooms, 9 bathrooms, 3 living areas, and a commercial-style kitchen on the ground floor, whilst upstairs, there is a fully self-contained studio with a living/dining room, 3 bedrooms, 1 bathroom, a kitchen and bathroom.

Poised on a massive 1417sqm approx. there is endless future potential to use the site as professional suites, a retirement/aged care facility, a medical or childcare centre, or, redevelop with multiple new homes or apartments (STCA). Features include hydronic heating, CCTV, and a 7-car basement carpark with bike storage.

The location is unbeatable, with a bus stop out the front and a short walk from The Glen Shopping Centre offering a wide selection of wonderful eateries, restaurants, cafes, and shopping outlets, Glen Waverley Primary School, Secondary College, and Train Station, with proximity to Wesley College, Deakin University, a variety of local parks, Monash Freeway and University.

Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.