21-29 Miles Street, Mulgrave, VIC 3170 | Property Value & History | OnTheHouse
 
OFF MARKET

21-29 Miles Street
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: 73
Floor area: 1874m2
Land area: 6033m2
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Property Details for 21-29 Miles St, Mulgrave

Building Type
Commercial
Floor Size
1874m2
Land Size
6033m2
Local Government
Monash
Lot/Plan
3/PS510782

Last Listing description (April 2022)

Colliers Metro Sales Team are delighted to present this recent refurbished suburban office building for sale by Expressions of Interest. Located 20km's south-east of the Melbourne CBD, 21-29 Miles Street is nestled into the corporate precinct of Mulgrave, home of many national brands. The building comprises 1,811m* of total lettable area over one level plus ample parking with 73 on-site car spaces and a storage shed of 177m*.

To be sold with vacant possession, 21-29 Miles Street, Mulgrave presents as an incredibly rare opportunity for an owner-occupier to capitalize the refurbished and well-presented office space.

Key features of this offering are outlined below:

Rare offering of a vacant possession suburban office building
Single storey building with a total lettable area of 1,811m*
Irreplaceable Special Use Zone 6 land parcel of 6,038m*
Includes a storage shed of 177m*
Flexible floor plate allowing multi-tenancy or part occupation
Perfect for an owner occupier looking to make a statement
Large, private and central outdoor area within the building
High ratio of parking with 73 on-site car spaces
Tightly held suburban office market sets strong investment fundamentals
Major Corporates in the immediate area include BMW, Mercedes, Nissan, Mazda, Audi, Kmart, Peters Ice Cream, Monash University, CSIRO & Beacon Lighting'
Close proximity to the Monash Freeway allowing access to the CBD, only 20kms away

*Approximately

For Sale via Expressions of Interest closing Thursday 31st March at 3pm (AEST).
To arrange an inspection or for more information please contact the Colliers team as the exclusive selling agents.

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Property History for 21-29 Miles St, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$8,938,600
11 Apr 2022
  • 11 Apr 2022
    Sold for $8,938,600
  • 25 Feb 2022
    Listed for Sale Please contact agent
  • 12 Feb 2018
    Listed for Sale POA
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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 9,501 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 24 properties listed for sale, and 12 properties listed for rent in Mulgrave on OnTheHouse. According to Cotality's data, 389 properties were sold in the past 12 months in Mulgrave.

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