4/799-807 Springvale Road, Mulgrave, VIC 3170 | Property Value & History | OnTheHouse
OFF MARKET

4/799-807 Springvale Road
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: 9
Floor area: 127m2
Land area: 5496m2
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Property Details for 4/799-807 Springvale Rd, Mulgrave

Building Type
Commercial
Floor Size
127m2
Land Size
5496m2
Local Government
Monash
Lot/Plan
4/PS511999

Last Listing description (April 2026)

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 Limited, an ASX-listed company, within the rapidly expanding Monash Employment and Innovation Cluster.

Key details of this substantial asset include:

- Rental Income: $89,700 per annum plus GST.
- New Lease Details: Three (3) years commencing 2 November 2026.
- Fixed Growth: Fixed annual rent increases of 4%.
- Further Options: Two (2) further terms of three (3) years each.
- Outgoings: The tenant is responsible for 100% of outgoings, including council rates, water rates, owners' corporation fees and land tax.
- Fit-out: Includes the existing landlord fit-out.
- Permitted Use: Specifically designated for commercial offices.


Positioned in Victoria's second-largest employment district, this property offers 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:

- Leased to Asset Vision Co Limited, which is listed on the Australian Stock Exchange.
- The office features a mix of open-plan workspaces and private offices, suitable for a professional business.
- Includes open-plan workstations, a large dedicated boardroom, and a welcoming reception area with comfortable seating.
- Large windows provide excellent natural light, creating a pleasant and productive working atmosphere.
- Brandon Park Shopping Centre is a 2-minute* drive away, and Chadstone Shopping Centre is a 15-minute* drive away.
- Outstanding Connectivity: Numerous bus stops along Springvale Road, direct access to the Monash Freeway via Wellington Road, and proximity to Springvale and Clayton Train Stations.


This offering is ideal for investors seeking a secure, high-yield asset with a brand-new lease term in place with an ASX-listed tenant..

Ryan Trickey 0400 380 438
Will Jonas 0422 883 011

Property History for 4/799-807 Springvale Rd, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$473,727
26 May 2015
Listed for Rent
$728/w
18 Jan 2015
  • 01 Aug 2025
    Listed for Sale CONTACT AGENT
  • 26 May 2015
    Sold for $473,727
  • 18 Jan 2015
    Listed for Rent - Price not available
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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 9,422 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.
There are currently 35 properties listed for sale, and 18 properties listed for rent in Mulgrave on OnTheHouse. According to Cotality's data, 400 properties were sold in the past 12 months in Mulgrave.

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Cotality Copyright and Legal Disclaimers about Property Data
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.