522-550 Wellington RoadMulgrave VIC 3170
Property Details for 522-550 Wellington Rd, Mulgrave
Last Listing description (May 2019)
- Site Area 191,200 sqm*
- GLA 68,144 sqm*
- Leased to top 10 ASX listed covenant; Woolworths Limited
- WALE 3.8 years as at 1 October 2017
- Multiple 5 year options
- Fixed reviews at 2.50% annually
- Situated on an industrial infill allotment adjoining recently developed residential property
- Serves as a national distribution centre and Victorian state head office for Woolworths
- Ideally located for major last mile logistics use
- Excellent access to the Monash Freeway
- Proximity to the Monash University and employment precinct
- High underlying land value
*approx
** Outline indicative only
Expressions of Interest closing Thursday 2nd November 2017 at 3.00pm AEDT
Property History for 522-550 Wellington Rd, Mulgrave, VIC 3170
- 04 Oct 2017Listed for Sale Not Disclosed
- 08 Sep 2003Transferred
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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 9,410 properties. Over the last 5 years, Houses in Mulgrave have seen a 15.32% increase in median value, while Units have seen a 12.35% increase. As at 30 April 2026:
- The median value for Houses in Mulgrave is $1,117,576 while the median value for Units is $857,336.
- Houses have a median rent of $660 while Units have a median rent of $660.
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