SOLID INVESTMENT TO VICTORIAN BALLET SCHOOL

RWC (Oakleigh) is pleased to offer 1/14 Lionel Road, Mount Waverley for sale, a securely leased ground-floor investment with an established tenant.

Located in the heart of Mount Waverley's tightly held industrial precinct, this versatile commercial property is leased to the Victorian Ballet School, a long-standing and reputable tenant who renewed their lease in January 2025 for a 3-year term with two further 3-year options. The property currently returns $58,349.40 p/a plus GST and outgoings, offering investors a solid and reliable income stream from day one.

Set within a boutique development, the property comprises 285m²* of total building area, featuring excellent on-site parking for ten (10) cars, low-maintenance construction and a well-presented internal layout.

This is an outstanding opportunity to secure a passive, set-and-forget investment in a blue-chip location with strong tenant covenant and rental return.
Positioned just off Blackburn and Ferntree Gully Roads and within the heart of Mount Waverley's established industrial/commercial precinct, the property enjoys direct access to major arterial networks including the Monash Freeway (2.5km*).

Mount Waverley Station is approximately 2.1km* away, offering convenient rail connectivity to the Melbourne CBD (21km*). The Glen Shopping Centre is also just 5 minutes' drive away, providing excellent amenities.

This location is well supported by surrounding residential catchments, educational institutions and other small-to-mid-sized commercial businesses.
Ideal for passive investors, SMSFs, and portfolio buyers seeking a reliable income-producing commercial asset with long-term lease security.

Key Property Features:

• Total building area | 285m²*
• Leased to Victorian Ballet School
• Income | $58,349.40 p/a net
• Current term | 3 + 3 + 3 years (From Jan 25)
• Ground floor with excellent exposure
• On-site parking for ten (10) cars
• Low maintenance & well-presented
• Strong tenant since 2022
• Special Use Zone (SUZ)

For further information or to arrange a suitable time to inspect, please contact one of the exclusive marketing agents below:

Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122

*All areas and figures approx. only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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