RARE DUAL CONFIGURATION: VERSATILE HQ WITH BUILT-IN RETURNS.

Overview

Description

Private Sale by Closing Date Wednesday 21st May at 3pm, unless sold prior.

POINT OF INTEREST:

For investors with an acute eye for upside, or owner-occupiers who need a head start, this versatile Mulgrave HQ offers income, flexibility, and a polished fit-out ready to move into or lease out. Spanning 580 sqm* with a mix of modern office space and ancillary warehousing, the building is split into two tenancies: a securely leased ground floor of 360 sqm* generating $74,675 per annum, and a first floor of 220 sqm* currently owner-occupied but primed for a new tenant or immediate occupation. Inside, expect fully glazed offices and meeting rooms, sleek kitchen and bathroom amenities on both levels, and rear roller door access for seamless loading. Outside, 18 on-Title car parks and a cul-de-sac position add serious day-to-day practicality — all within easy reach of major arterials and surrounded by leading national and global names. Whether you're seeking steady income, future growth or both, this one's got the goods for you to utilise yours.

- 580 sqm* total building area of office and warehouse.
- Special use zoning 6 (SU6).
- 18 allocated on-Title car parks.
- Within the Compark business district.
- Total projected income of circa $135,000 per annum.
- Suit circa 6.5% yield investors.
- 750 m* from the Monash.

Ground floor:
- 360 sqm* of total building area.
- 3 x 3-year lease to MPPT Custom Pty Ltd that commenced 01/04/2024.
- Returning $74,675 per annum.

First floor:
- 220 sqm* of total building area.
- Offered with vacant possession
- With the potential to be leased for circa $60,500 per annum.

POINT OF VIEW:

Money in the bank downstairs, room to play upstairs. This rare dual-tenancy configuration delivers double the options with none of the wait.

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