Your email has been sent.
428 Waverley Rd 377 SF of Retail Space Available in Malvern East, VIC 3145
Highlights
- The property has direct frontage to Waverley Road with ground-level accessibility.
- Public transport and arterial roads are available nearby providing convenient regional access.
- It is located within an established neighborhood commercial strip surrounded by residential properties.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 377 SF | Negotiable | $40.36 /SF/YR $3.36 /SF/MO $15,206 /YR $1,267 /MO | Triple Net (NNN) |
Ground
The ground-level premises at 428 Waverley Road in Malvern East offers a functional retail space suitable for a variety of uses, including retail, consulting, beauty, wellness, and office-based businesses. The layout currently incorporates a reception area and two consulting rooms, with an existing beauty salon fit-out in place that can either remain or be removed based on tenant preference. Large windows provide natural light throughout the interior, and the street frontage delivers prominent visibility along Waverley Road. The property offers flexibility for open-plan reconfiguration and is available for occupation starting August 5, or potentially sooner. Positioned in a high-traffic location, it is ideal for businesses seeking exposure within a well-established commercial precinct.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Security System
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 377 SF | Property Subtype | Storefront Retail/Office |
| Property Type | Retail | Gross Leasable Area | 2,314 SF |
| Total Space Available | 377 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 2,314 SF |
About the Property
The property at 428 Waverley Road, Malvern East, is a commercial building located along a main arterial route within a suburban area of Melbourne. The site forms part of a retail strip with adjoining neighborhood businesses and is surrounded by residential development. It includes ground-level access and frontage to Waverley Road. The property is positioned in close proximity to local amenities, public transport options, and arterial roads providing connectivity to other parts of the metropolitan region. The immediate area supports a mix of small-scale retail and service-oriented tenants within a pedestrian-friendly environment.
- 24 Hour Access
- Signage
- Storage Space
Nearby Major Retailers
Contact
-
John Black -
Tsimos Commercial Real Estate
Presented by
428 Waverley Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.