4/799-807 Springvale RoadMulgrave VIC 3170
Property Details for 4/799-807 Springvale Rd, Mulgrave
Last Listing description (July 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
- 27 May 2026Sold for $550,000
- 01 Aug 2025Listed for Sale CONTACT AGENT
- 26 May 2015Sold for $473,727
Recent sales nearby
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0About 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 9,438 properties. Over the last 5 years, Houses in Mulgrave have seen a -1.02% decrease in median value, while Units have seen a 3.98% increase. As at 31 July 2026:
- The median value for Houses in Mulgrave is $1,044,830 while the median value for Units is $827,856.
- Houses have a median rent of $680 while Units have a median rent of $670.
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