4/19-23 Geddes StreetMulgrave VIC 3170
Property Details for 4/19-23 Geddes St, Mulgrave
Last Listing description (October 2022)
Jones Real Estate is proud to present Building 4, 19-23 Geddes Street, Mulgrave to the market For Sale via Public On-Site Auction on Thursday 13th October 2022 at 10:30am.
This striking office warehouse is leased to Heidelberg Graphic Equipment Limited who are owned by Heidelberger Druckmaschinen AG - the world's largest manufacturer of printing equipment, ahead of Xerox Corporation. This German based company holds a 40% share of the world's offset printing presses, its core market.
Key highlights of this outstanding investment opportunity include:
- Securely leased to Heidelberg Graphic Equipment Limited's Australian HQ. It's owner, Heidelberger Druckmaschinen AG, is listed on the German Stock Exchange (SDAX) and has a market capitalisation $619,529,799.42 AUD^.
- Passing rental of $160,000^^ per annum + GST & Outgoings (inclusive of land tax) with fixed annual increases.
- Presenting a high-quality modern office warehouse over 850sqm* with 20+ car parks on title.
- Positioned in one of Australia's most highly sought-after industrial precincts, with Melbourne's south-eastern industrial market boasting a vacancy rate of 0.5%**.
- Ideally positioned within the highly sought-after blue ribbon industrial and logistics precinct, Mulgrave. It adjoins the world's largest conglomerates including Amazon, Metricon, Pfizer, Toyota and Adidas.
- Unrivaled accessibility to major arterial roadways such as The Monash Freeway (M1), Eastlink (M3), Blackburn Road, Dandenong Road, Ferntree Gully Road, Springvale Road, and Wellington Road.
*Approx.
**Urbis.com.au
^Markets.ft.com
^^As of December 2022
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Property History for 4/19-23 Geddes St, Mulgrave, VIC 3170
- 08 Aug 2025Sold for $3,210,000
- 13 Oct 2022Sold for $3,100,000
- 14 Sep 2022Listed for Sale Contact Agent
Recent sales nearby
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About Mulgrave 3170
The size of Mulgrave is approximately 10.7 square kilometres. There are 40 parks, covering nearly 5.8% of the 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 9,406 properties. Over the last 5 years, Houses in Mulgrave have seen a 10.78% increase in median value, while Units have seen a 7.98% increase. As at 31 May 2026:
- The median value for Houses in Mulgrave is $1,100,301 while the median value for Units is $840,780.
- Houses have a median rent of $670 while Units have a median rent of $660.
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