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11 Essex Rd 2,002 SF Vacant Retail Building Mount Waverley, VIC 3149 $792,495 ($395.83/SF)
Investment Highlights
- Dual-use freehold incorporating ground-floor retail and upper-level residential accommodation.
- Independent rear entry to a three-bedroom residence including a substantial outdoor terrace with city skyline views.
- Highly exposed position in Mount Waverley’s established and tightly held retail precinct.
- On-site parking for two vehicles within a secure double carport.
Executive Summary
This rare mixed-use freehold property at 11 Essex Road, Mount Waverley offers a unique combination of commercial frontage and residential accommodation within one of Melbourne’s most desirable suburban retail precincts. Benefiting from strong surrounding amenities, the property occupies a tightly held position with excellent exposure and convenient access to major arterial roads and public transport options, including nearby bus services and Jordanville Railway Station.
The ground-floor retail space is currently configured as a fully fitted food hospitality venue, complete with a commercial-grade kitchen and existing BYO license—making an appealing opportunity for businesses seeking immediate operational capability. Adjoining the retail space is a well-appointed two-level residential dwelling featuring three bedrooms, a spacious lounge and dining area, gas-equipped kitchen, laundry, and a large balcony with city views. Additional site benefits include a secure double lock-up carport and solar panel installation for improved energy efficiency.
With its Commercial 1 Zoning, proximity to quality schools, and strong local demand, this property provides purchasers the flexibility to invest, occupy, or reposition for future enhancement in a vibrant growth corridor.
The ground-floor retail space is currently configured as a fully fitted food hospitality venue, complete with a commercial-grade kitchen and existing BYO license—making an appealing opportunity for businesses seeking immediate operational capability. Adjoining the retail space is a well-appointed two-level residential dwelling featuring three bedrooms, a spacious lounge and dining area, gas-equipped kitchen, laundry, and a large balcony with city views. Additional site benefits include a secure double lock-up carport and solar panel installation for improved energy efficiency.
With its Commercial 1 Zoning, proximity to quality schools, and strong local demand, this property provides purchasers the flexibility to invest, occupy, or reposition for future enhancement in a vibrant growth corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,002 SF
Building Class
C
Price
$792,495
Price Per SF
$395.83
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.94
Lot Size
0.05 AC
Parking
2 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
21’ on Essex Road
Amenities
- Signage
- Air Conditioning
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11 Essex Rd
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