6/2 Stadium CircuitMulgrave VIC 3170
Property Details for 6/2 Stadium Cct, Mulgrave
Last Listing description (November 2020)
A superior asset for investors seeking not just a stable, premium tenant, but also one who continues to operate while others may not. Set among several established neighbours including The last Piece' caf/restaurant, Goodlife gym and Hawthorn Football Club, this a recognisable location with trophy status. The tenant has just renewed their lease for 5 years commencing January 2021 showing great confidence in their future.
They have continued to trade and pay 100% of rent and outgoings throughout the COVID 19 period. With a clear vison around a commitment to their business and lease this investment is a low maintenance and also long term.
Key points:
• 127m2 approximate floor area
• Current rent $46,794.24 per annum plus GST and outgoings
• 4% annual increases
• Option exercised 18/01/2021 - 17/01/2026
• 2 Car spaces on title
Year on year net rental:
• From 18/01/2020: $46,794
• From 18/01/2021: $48,666
• From 18/01/2022: $50,612
• From 18/01/2023: $52,637
• From 18/01/2024: $54,742
• From 18/01/2025: $56,932
Auction will be held online at 1pm Friday 21 st August. Interested parties are required to register with the agent. Only registered bidders can attend our Auctions. Please call or email today to register your interest.
Interested parties are required to register with the agent. Only registered bidders can attend our Auctions.
The team is available and can accommodate COVID safe inspections by appointment. Please contact us for more information and scheduling.
Photo ID required at all open for inspections.
Property History for 6/2 Stadium Cct, Mulgrave, VIC 3170
- 27 Nov 2020Sold for $1,000,000
- 17 Jul 2020Listed for Sale AUCTION
- 12 Dec 2016Sold for $800,000
Recent sales nearby
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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 9,423 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.
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