3 & 4/799-807 Springvale Rd, Mulgrave, VIC 3170 | Commercial for sale | OnTheHouse
FOR SALE
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3 & 4/799-807 Springvale Road
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: 9
Floor area: 268m2
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High-Yielding Investment - ASX-Listed Company in Premier Location

RWC is exclusively offering Suites 3 & 4 within the Paragon Building, located at 799-807 Springvale Road, Mulgrave VIC.
This presents a high-yielding investment opportunity with a secure lease to Asset Vision Co Ltd (ASV), an ASX-listed company, within the rapidly expanding Monash Employment and Innovation Cluster.
Key details of this substantial asset include:
- Size & Occupancy: 268 sqm NLA of office space.
- Current net rent of $86,250* per annum, with the tenant responsible for all usual outgoings and land tax.
- Lease expiry is November 2026, with two further options of three years each.
- Positioned in Victoria's second-largest employment district, offering immediate proximity to the $557m Victorian Heart Hospital, Monash University, and M-City Shopping Centre.
This opportunity at 799-807 Springvale Road, Mulgrave, is ideal for investors, offering:
- High calibre tenant
- The office features a contemporary design with a mix of open-plan workspaces and private offices, suitable for a professional business.
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Property Details for 3 & 4/799-807 Springvale Rd, Mulgrave

Building Type
Commercial
Floor Size
268m2
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About Mulgrave 3170

The size of Mulgrave is approximately 10.7 square kilometres. It has 40 parks covering nearly 5.8% of total area. The population of Mulgrave in 2016 was 19368 people. By 2021 the population was 19889 showing a population growth of 2.7% in the area during that time. The predominant age group in Mulgrave is 30-39 years. Households in Mulgrave are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mulgrave work in a professional occupation.In 2021, 74.80% of the homes in Mulgrave were owner-occupied compared with 75.40% in 2016.

Mulgrave has 9,502 properties. Over the last 5 years, Houses in Mulgrave have seen a 34.17% increase in median value, while Units have seen a 31.80% increase. As at 30 November 2025:

  • The median value for Houses in Mulgrave is $1,156,604 while the median value for Units is $902,557.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 17 properties listed for sale, and 11 properties listed for rent in Mulgrave on OnTheHouse. According to Cotality's data, 387 properties were sold in the past 12 months in Mulgrave.

Suburb Insights for Mulgrave 3170

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Ryan Trickey
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Will Jonas
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RWC Glen Waverley
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.