336 Waverley Road, Malvern East, Vic 3145

Permit-approved retail and residential development in Malvern East

Sale by Expressions of Interest closing Thursday 12th November 2026 at 4:00pm.
All offers will be considered before closing date. Property can be sold before closing date.

Secure a versatile property with an exciting next chapter already planned. Offered with the existing shop vacant, this approximately 279 sqm site combines the opportunity to occupy or lease the retail premises with an approved residential development at the rear.

A recently obtained town planning permit from Stonnington City Council provides for the retention and extension of the shop and the construction of two three-storey, two-bedroom residences with rear lane access.

The approved scheme incorporates a two-storey shop configuration, including a rear extension with kitchen and office areas. The two proposed residences offer substantial accommodation, with Unit 1 measuring approximately 180 sqm and Unit 2 approximately 192 sqm.

Positioned within a local retail precinct and surrounded by Malvern East's established residential neighbourhood, the property offers a compelling opportunity for developers, investors and owner-occupiers approximately 9–11 kilometres from Melbourne's CBD.

Property highlights

•	Land area of approximately 279 sqm.
•	Existing ground-floor retail shop of approximately 146 sqm.
•	Vacant shop, providing flexibility to occupy or seek a new tenant.
•	Commercial 1 zoning.
•	Town planning permit obtained for the proposed development.
•	Approved retention and extension of the shop, incorporating kitchen and office areas.
•	Two proposed three-storey residences, each with two bedrooms.
•	Proposed residence areas: approximately 180 sqm and 192 sqm.
•	Rear lane access.

Retain the retail presence, create two new residences and realise the potential of this Malvern East opportunity.

All areas and distances are approximate. Development details are subject to the endorsed plans and permit conditions. Artist's impressions depict the proposed completed development.