MULGRAVES MULTI-TITLE WITH DECADES OF TENURE.

Sale Details

Sold on 16 Dec 2025 for $1,550,000

Description

POINT OF INTEREST:

A dual-title commercial property investment in the heart of Mulgrave, these two freeholds offer a fully leased security blanket generating $98,168.42 per annum + GST & outgoings — backed by a 30-year anchor tenant and a freshly signed lease upstairs. Coster Galgut has thrived within building 39 and the ground-floor of 41 for over three decades, renewed agreement from 1st July 2024 with a 3+3+3 year term. Commtech, which moved into building 41’s first floor on the 2nd of June 2025, has a 2+2+2-year agreement. Purpose-built, light-filled, and professionally fitted, both offices feature ducted air-conditioning, rear ROW access, and 4 on-site car parks with some weather-proofed. It’s a well-kept, low-maintenance freehold in a tightly held pocket where even Kmart host their Head Office. Just 1 km* from the Monash and moments from Springvale and Wellington Roads, you’re also only 1.8 km* to Princes Highway and surrounded by commercial and industrial heavyweights like GWM, Tesla, and Bulla.


- Fully leased dual-Title office investment within the heart of Mulgrave.
- $98,168.42 per annum + GST + outgoings in total leasing income.
- Coster Galgut Pty Ltd has been the long-term anchor tenant since 1992.
- Commtech Supplies Pty Ltd has been newly leased since June 2025.
- Total building area: 370 sqm* (Building 39: 174 sqm* / Building 41: 187 sqm*).
- 392 sqm* total land area.
- Favourable Commercial 1 zoning - allows commercial and residential use (STCA) .
- 4 on-site car parks with a carport covering some spaces.
- 900 m* to the Monash.
- 1.8 km* to Princes Highway.

POINT OF VIEW:

Anchored by impressive loyalty and positioned for the future, this investment hits every lucrative benchmark — in this postcode and beyond the (Mul)grave.

*Approx.
Pricing excludes GST