46 Wanda Street, Mulgrave, VIC 3170 | Property Value & History | OnTheHouse
 
OFF MARKET

46 Wanda Street
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 203m2
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Property Details for 46 Wanda St, Mulgrave

Building Type
Commercial
Land Size
203m2
Local Government
Monash
Lot/Plan
192/LP68279

Last Listing description (November 2024)

RWC (Oakleigh) presents 46 Wanda Street, Mulgrave to the market for sale available through a public auction on Tuesday 17th September 2024 at 11:00am - an exceptional investment property leased to the well-established & long term Wanda Pizza since 2004, a cornerstone business in the local community. This property offers a secure and attractive income stream with the potential for future growth.

The property is situated in a thriving local shopping village that includes a number of complimenting essential services such as Local IGA, butcher, bakery, fish & chips, Caf, newsagent & pharmacy.

This vibrant commercial hub attracts a steady flow of foot traffic and serves as a key destination for local residents.

Key Property Benefits:

Total building area | 178m*
Total land area | 203 m*
Comprising of a shop front & 3 bedroom residence
Long-term & established business since 2004
Recently renewed 5 year lease with options
Current Rent | $41,000 p/a plus GST and Outgoings
Convenient rear access with onsite parking
Commercial 1 Zoning (C1Z)
Terms | 10% deposit, 30 - 90 days

Positioned close to key roads such as the Monash Freeway (M1) and Princes Highway, the property offers excellent connectivity to Melbourne's CBD and surrounding suburbs. The area is well-served by public transport, with the nearest train station being Springvale Station, 3.6km* away.

Mulgrave has experienced significant growth and development, making it an attractive area for investors. The suburb's ongoing infrastructure improvements and increasing population density are driving demand for commercial properties.

Inspection Times:

Tuesday 27th August | 2:30PM - 3:00PM
Tuesday 3rd September | 2:30PM - 3:00PM
Tuesday 10th September | 2:30PM - 3:00PM
Tuesday 17th September | 10:30AM - 11:00AM (Auction Day)

For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562

*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents

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Property History for 46 Wanda St, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$740,000
17 Sep 2024
  • 17 Sep 2024
    Sold for $740,000
  • 15 Aug 2024
    Listed for Sale SOLD
  • 11 Dec 2003
    Sold for $311,000
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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 34.37% increase in median value, while Units have seen a 21.67% increase. As at 31 December 2025:

  • The median value for Houses in Mulgrave is $1,172,271 while the median value for Units is $870,115.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 31 properties listed for sale, and 7 properties listed for rent in Mulgrave on OnTheHouse. According to Cotality's data, 396 properties were sold in the past 12 months in Mulgrave.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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