Gross Waddell ICR

Gross Waddell ICR Gross Waddell ICR Pty Ltd is a mid-sized commercial real estate agency located in Melbourne, VIC

Gross Waddell ICR Pty Ltd is a mid-sized commercial real estate agency located in Melbourne, Victoria. Operating since 1994 and covering all areas of sales, leasing and property management, Gross Waddell offers a comprehensive range of integrated real estate services to institutions, government bodies, corporations, investors, property owners, occupiers and other specialised service providers incl

uding accountants and solicitors. A complete range of services, provided Australia and world-wide, include the following:

• Retail
• Office
• Industrial
• Development
• Project Management
• Englobo Land
• Acquisitions
• Asset Management
• Corporate Services

With a blue ribbon reputation within the real estate industry, Gross Waddell is renowned for its belief in placing the requirements of its clients first and foremost through the strong communication and client interaction of its highly-skilled, friendly staff. Boasting over 55 years’ combined industry experience, Directors, Michael Gross and Andrew Waddell, have developed a strong client base including national institutions and a mix of private investors and developers. Gross Waddell have an associated office located in Geelong, Victoria, through Darcy Jarman and international associated offices through Cushman & Wakefield.

27/05/2026

SOLD | The Largest Unit at Mode Business Park

Gross Waddell ICR is pleased to announce the sale of Unit 1, 14 Fink Street, Williamstown North.

The property attracted strong interest due to its prominent street frontage, superior functionality and its position as the largest unit within the tightly held Mode Business Park estate. The result highlights continued demand for well-located, high-quality industrial assets in Melbourne's sought-after inner west.

Sale Highlights
• Sale Price: $800,000
• Building Rate: $3,175 per sqm
• Purchaser: Owner-Occupier

For more information, please contact:
Julian Materia 0498 188 011
Raff De Luise 0418 533 633

*Approx.

27/05/2026

FOR SALE | Turnkey Office Opportunity Moments from Box Hill Central

Gross Waddell ICR is pleased to offer for sale Unit 101, 22 Rutland Road, Box Hill.

An immaculately presented office suite in excellent condition, set within one of Melbourne's most established eastern activity centres. Moments from Box Hill Central, Box Hill Station, Sky One Plaza, Box Hill Hospital and major public transport connections - this is an outstanding opportunity for owner-occupiers, investors and SMSF buyers.

Property Highlights
• Approx. 70 sqm office suite
• Move-in-ready fit-out in excellent condition
• Reception area plus multiple private office spaces
• Bright modern interior with quality finishes
• One car space included
• Vacant possession available
• Suitable for owner-occupiers, investors and SMSF buyers
• Strong appeal to professional services, allied health, education and administration users
• Walk to Box Hill Central and Box Hill Station

For more information or to arrange an inspection, please contact:
Glenn Ye 叶格林 0400 880 388
Lee (Dongye) L. 0420 837 471

*Approx.

26/05/2026

AVAILABLE NOW | REFURBISHED CORNER WAREHOUSE

Unit 1, 8-20 Brock Street, Thomastown

Gross Waddell ICR is pleased to present this recently refurbished warehouse opportunity positioned on the corner of a popular industrial complex in tightly held Thomastown. Ideally located within close proximity to the M80 Ring Road and Settlement Road.

Property Highlights:

• Total building area: 223sqm*
• Clear span warehouse with office
• High clearance roller door
• Generous internal height
• Excellent Street access
• Fully self-contained including shower
• On-site parking

*approx.

For further information or to arrange an inspection, please contact:

Richard Lowe | 0425 742 777
Lee (Dongye) L. Li | 0420 837 471

26/05/2026

SOLD | Prime Retail Investment in the Heart of Balaclava

Gross Waddell ICR is pleased to announce the successful sale of 185 Carlisle Street, Balaclava.

Purchased by a local investor, the high-quality retail investment attracted strong interest due to its secure lease profile, prominent Carlisle Street position and strong underlying land value.

Securely leased to acclaimed artisan operator Baker In The Rye, the result reflects continued demand for well-located, income-producing assets within tightly held lifestyle precincts.

Sale Highlights:
Sale Price: $2,080,000
Return: 4.8%
Land Rate: $8,700/sqm
Purchaser: Local Investor

For more information, please contact:
Alex Ham 0410 545 226
Michael Gross 0419 355 561

25/05/2026

SOLD | Iconic Smith Street Corner Freehold

Gross Waddell ICR is pleased to announce the successful sale of 257 Smith Street, Fitzroy.

Purchased by a private local investor, the property attracted strong interest due to its prominent position, mixed-use configuration and secure income profile.

The result highlights continued demand for well-located, income-producing assets within tightly held inner-city precincts.

Sale Highlights:
Sale Price: $1,635,000
Yield: 5.42%
Land Rate: $24,773/sqm
Purchaser: Private Local Investor

For more information, please contact:
Alex Ham 0410 545 226
Michael Gross 0419 355 561

25/05/2026

FOR SALE | Buy One or Both – Invest Today, Develop Tomorrow

Gross Waddell ICR is pleased to present 219 & 221 Hawthorn Road, Caulfield North for sale via Expressions of Interest.

Positioned within one of Melbourne’s most tightly held neighbourhood shopping strips, this is a rare opportunity to acquire two adjoining retail properties offered individually or together in one line.

With strong holding income, Commercial 1 zoning and future development upside, the properties will appeal to investors, future owner-occupiers and developers alike.

Key Property Highlights:

• Two adjoining retail properties offered individually or together in one line

• Combined rental income of $72,892 p.a.*

• Total land area of 370sqm* with 11.5m* frontage to Hawthorn Road plus rear R.O.W.

• Both properties comprising ground floor retail with first floor residential accommodation

• Commercial 1 Zone supporting future value-add or redevelopment potential (STCA)

• Future upside with potential vacant possession by December 2028

219 & 221 Hawthorn Road, Caulfield North is offered for sale via Expressions of Interest closing Wednesday 24 June 2026 at 3:00pm.

For more information, please contact:
Alex Ham 0410 545 226
Nick Meadows 0430 530 088

*approx.

22/05/2026

FOR SALE | Affordable Fast Food Investment in Prime Frankston CBD Position – No Stamp Duty Payable

Gross Waddell ICR in conjunction with Stonebridge Property Group, under instruction of Advise Transact, is pleased to present 449 Nepean Highway & 67 Wells Street, Frankston for sale via National Portfolio Auction.

Occupying a high-profile corner position within the Wells Street Plaza precinct, the property is securely leased to Zambrero and Hairmoves, providing a strong dual-tenanted income stream in the heart of Frankston’s major retail and commercial CBD.

With exceptional exposure to Nepean Highway, immediate proximity to Bayside Central Shopping Centre and Frankston Railway Station, this is an affordable retail investment opportunity in one of Melbourne’s rapidly evolving activity centres.

Key Investment Highlights:

• Brand new dual-tenanted 7-year leases to Zambrero & Hairmoves

• No Stamp Duty Payable – CIPT from 2035

• Combined Net Income: $147,000 p.a. + GST & outgoings

• Anchored by Zambrero, a global QSR operator with 300+ stores worldwide

• Prominent corner frontage to Nepean Highway & Wells Street

• Prime Frankston CBD location near Bayside Central & Frankston Station, with exposure to 150,000 vehicles daily

449 Nepean Highway & 67 Wells Street, Frankston is offered for sale via National Portfolio Auction on Tuesday 16 June 2026 at 11:00am.

For more information, please contact:
Alex Ham 0410 545 226
Andrew Greenway 0409 547 626
Glenn Ye 叶格林 0400 880 388

*approx.

Transact

22/05/2026

SOLD | Value-Add Camberwell Investment Secured

Gross Waddell ICR is pleased to announce the successful sale of 514 Camberwell Road, Camberwell.

Purchased by a local investor, the property attracted strong interest due to its reliable income profile, flexible mixed-use configuration, and exceptional positioning within one of Camberwell’s most established retail and residential corridors.

Sale Highlights:
Sale Price: $930,000
Return: 3.75%
Purchaser: Local Investor

For more information, please contact:
Alex Ham 0410 545 226
Lee Li 李东烨 0420 837 471

22/05/2026

FOR SALE | Significant City-Fringe Office/Warehouse Asset with Scale & Flexibility

Gross Waddell ICR together with Cushman & Wakefield are pleased to present 214 Lorimer Street, Port Melbourne for sale by Expressions of Interest closing Thursday 18 June at 2pm (AEST).

Positioned within a tightly held and evolving commercial precinct, 214 Lorimer Street offers a rare city-fringe opportunity with scale, flexibility and future upside. Featuring prominent exposure, substantial improvements and unrivalled connectivity to the CBD, CityLink, Fishermans Bend and the Port of Melbourne, the property suits owner-occupiers, investors and developers alike.

Key highlights include:

• Prominent city-fringe landholding of 1,869sqm* within the tightly held Port Melbourne commercial precinct.

• Substantial existing improvements comprising 1,878sqm* of functional office and warehouse accommodation.

• Multiple roller door entry points allowing excellent vehicle access, loading and operational efficiency

• High-clearance warehouse accommodation with ceiling heights of 6m*+

• Flexible Commercial 2 Zoning (C2Z) providing scope for a range of industrial, office, showroom and commercial outcomes^

For more information, please contact:
Andrew Greenway 0409 547 626
Andrew Waddell 0419 400 991
Michael Gross 0419 355 561

*approx.

21/05/2026

FOR SALE | High Profile Corner Opportunity with Scale, Exposure and Flexibility

Gross Waddell ICR together with Cushman & Wakefield are pleased to present ‘Elsternwick Junction’, corner Glen Huntly and Kooyong Roads, Elsternwick for sale by Expressions of Interest closing Thursday 25 June at 2pm (AEST).

This unique corner amalgamation provides scope for a host of development, occupation and investment opportunities. Often sought and rarely found this high-profile opportunity is not to be missed.

Key highlights:

• High profile corner site of 1,489sqm* at the gateway to Elsternwick and the Glen Huntly Road shopping precinct

• High profile corner position with dual street frontages to both Glen Huntly and Kooyong Roads of 80m*

• Well maintained existing improvements include one single level retail shop and one two level shop on Glen Huntly Road together with a former function centre on the corner property and a single level retail space on Kooyong Road

• Existing improvements could be suitable for a number of adaptable uses including retail and healthcare, specifically leveraging off the nearby Caulfield Alfred Health Precinct

• Positioned in the Caulfield South Activity Centre with a preferred building height of 18 metres

For more information, please contact:
Michael Gross 0419 355 561
Andrew Waddell 0419 400 991
Andrew Greenway 0409 547 626

*approx.

21/05/2026

FOR SALE | Prominent Activity Centre Development Opportunity

Gross Waddell ICR together with Cushman & Wakefield are pleased to present 5-9 Droop Street, Footscray for sale by Expressions of Interest closing Thursday 18 June at 12pm (AEST).

Located within the Central Precinct of the Footscray Activity Centre, this substantial corner landholding benefits from a flexible planning framework, exceptional frontage, and proximity to critical health, education and transport infrastructure, making it ideally suited to a range of high density development outcomes or owner occupation.

Key details are highlighted below:

• Significant landholding of 1,791sqm * just 4.5km from the Melbourne CBD

• Prime corner position with approximately 95m of dual street frontage to Droop and Blackston Streets

• North-facing frontage of approximately 60m to Blackston Street*

• Zoned Activity Centre (ACZ1), supporting high density mixed use development

• Located within the Central Precinct with a discretionary height control of up to 10 storeys

• Existing improvements adaptable for interim or alternative uses, including healthcare and medical (STPA)

For more information, please contact:
Andrew Waddell 0419 400 991
Michael Gross 0419 355 561
Andrew Greenway 0409 547 626

*approx.

Address

Melbourne, VIC

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

Telephone

+61396548666

Website

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