730 Springvale Road, Mulgrave, VIC 3170 | Property Value & History | OnTheHouse
 
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730 Springvale Road
Mulgrave VIC 3170

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Property Details for 730 Springvale Rd, Mulgrave

Building Type
Commercial
Local Government
Monash
Lot/Plan
18A/PS401410

Last Listing description (February 2023)

An Enterprising Investment

Dawkins Occhiuto is pleased to present for sale Enterprise Park, Mulgrave, VIC

Enterprise Park is a significant, multi-tenanted industrial and logistics business park located in the Monash Technology Precinct.


Surrounded by some of Melbourne's pre-eminent business parks, the central south eastern location has long been a recognised employment precinct valued for its road linkages and large surrounding workforce catchment.

An exceptional investment with significant future redevelopment potential, the property comprises five freestanding office/warehouses upon a 3.8 Ha* landholding. Fully leased with a 5.45-year* WALE following recent leasing success, the property is anticipated to generate a net income of approximately $2,474,290 p.a.* from commencement of new leases.

Key investment highlights include:

- 3.80 Ha* landholding with significant future development potential
- 19,983 sqm* across five freestanding office/warehouses with broad tenant appeal
- Premium Monash Technology Precinct location with main road frontage and three street frontages totalling 560 metres*
- Flexible Special Use zoning
- A wide range of potential future development outcomes (STCA): Office Park, life sciences, data centre, multi-level warehousing
- 5.5 year* WALE (as at June-22)
- Fully leased and diversified income profile and high quality global, national and local tenants
- Over $3.0m* in current capital upgrades following recent leasing success
- Estimated net income of $2.47m* p.a.
- Fixed and CPI-linked annual rent reviews
* approx.

For Sale via Expressions of Interest closing Thursday, 9 June 2022 at 3.00pm AEST.

For further details please contact Chris Jones or Ben Hegerty of Dawkins Occhiuto.

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Property History for 730 Springvale Rd, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$25,625,000
27 Oct 2022
  • 02 Feb 2023
    Sold - Price Undisclosed
  • 16 May 2022
    Listed for Sale Contact Agent
  • 04 Oct 2013
    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 31.82% increase in median value, while Units have seen a 21.70% increase. As at 31 January 2026:

  • The median value for Houses in Mulgrave is $1,169,289 while the median value for Units is $867,320.
  • Houses have a median rent of $650 while Units have a median rent of $670.
There are currently 36 properties listed for sale, and 9 properties listed for rent in Mulgrave on OnTheHouse. According to Cotality's data, 390 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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