636 Wellington Road, Mulgrave, VIC 3170 sold on 15 September 2025 | OnTheHouse
 
SOLD
Sold on 15 Sep 2025 for $25,500,000

636 Wellington Road
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 16833m2
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Colliers International Melbourne
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Property Details for 636 Wellington Rd, Mulgrave

Building Type
Land
Land Size
16833m2
Local Government
Monash
Lot/Plan
PC365169

Last Listing description (October 2022)

Colliers is pleased to offer this remarkable Mixed-Use site with substantial improvements for sale by Expressions of Interest closing Thursday 7th April at 3pm.

Situated in Melbourne's Eastern corridor, the site offers future residents and occupiers the ultimate connectivity and convenience with exceptional transport linkages, strong exposure to Wellington Road and the convenience of Waverley Gardens Shopping and Australia's leading Health & Technology precinct nearby.


With a number of options available to develop, invest or land bank in a substantially growing precinct 634-636 Wellington Road, Mulgrave is an excellent proposition on all fronts.

Key features are below:

- Flexible Mixed-Use zoning that encourages development of a variety of uses including residential development.
- Total land area of 16,870m*
- Expansive frontage to Wellington Road of 67m*
- Significant improvements on site with a total building area of 9,750m* comprising 2,008m* of office and 7,742m* of warehouse with 143 car parks.
- The building is currently 100% leased to one tenant and is returning $878,718 p.a*
- Elevated site with spectacular potential for eastern view lines to the Dandenong Ranges from any future development.
- Situated in a rapidly growing area that is undergoing unprecedented growth thanks to both private and public sector investment in the area including the ongoing development of the Monash NEIC, the Victoria Heart Hospital and the Continued expansion of Monash University.

For further information, please contact the exclusive selling agents at Colliers.

Jonathan Mercuri
0401 693 450

Hamish Burgess
0421 641 497

Ted Dwyer
0411 312 165

*denotes approximately

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Property History for 636 Wellington Rd, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$25,500,000
15 Sep 2025
Listed for Rent
$2/w
07 Jul 2022
  • 15 Sep 2025
    Sold for $25,500,000
  • 07 Mar 2022
    Listed for Sale Contact Agent
  • 16 Aug 2019
    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 9,500 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 32 properties listed for sale, and 10 properties listed for rent in Mulgrave on OnTheHouse. According to Cotality's data, 395 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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