372 Wellington RoadMulgrave VIC 3170
Property Details for 372 Wellington Rd, Mulgrave
Last Listing description (April 2020)
Fitzroys is pleased to bring to the market 372 Wellington Road (cnr Enterprise Court), Mulgrave for sale via Expressions of Interest
This high-profile two-level office building is situated on the corner of Wellington Road and Enterprise Court and near the intersection of Springvale Road in the heart of Melbournes prized inner eastern office precinct that is home to some of Australias largest Institutions and Companies.
We highlight the key features of this outstanding opportunity:
- Prominent two-level office building comprising 1,675sqm of NLA
- Seventy (70) on site car spaces
- Leased to ASX listed and Government tenants including Ambulance Victoria and IMCD Australia Ltd
- Estimated Net income of $479,600 per annum* including Land Tax (single holding basis)
- Zoned Special Use Zone - Schedule 6 (SUZ6) under the Monash Planning Scheme.
- Huge corner site of 4,742sqm*
- Combined Street frontage of 129 metres to Wellington Road & Enterprise Court
- Surrounded by Australias leading education, health and science Institutions Monash University, CSIRO and The Australian Synchrotron
- Nearby corporates including Wesfarmers/Kmart (ASX), Pfizer (NYSE), Mercedes Benz Australia and BMW Australia.
- Located just 20 kilometres south east of the CBD with excellent access to the M1 Monash freeway.
*approx.
Property History for 372 Wellington Rd, Mulgrave, VIC 3170
- 20 Mar 2020Sold for $6,600,000
- 12 Feb 2020Listed for Sale Contact Agent
- 02 Oct 2019Listed for Rent - Price not available
Recent sales nearby
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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 9,423 properties. Over the last 5 years, Houses in Mulgrave have seen a 22.06% increase in median value, while Units have seen a 13.99% increase. As at 31 March 2026:
- The median value for Houses in Mulgrave is $1,152,552 while the median value for Units is $846,077.
- Houses have a median rent of $660 while Units have a median rent of $650.
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