SOLD
Sold on 18 Oct 2023 for $8,750,000

18-24 Geddes Street
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6621m2
Sold By
Robert Colaneri
Cushman & Wakefield Melbourne
Kosta Filinis
Cushman & Wakefield Melbourne
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Property Details for 18-24 Geddes St, Mulgrave

Building Type
Commercial
Land Size
6621m2
Local Government
Monash
Lot/Plan
CP101143

Last Listing description (October 2023)

Cushman & Wakefield is pleased to offer for sale 18-24 Geddes Street, Mulgrave, a freestanding industrial building within the Monash National Employment and Innovation Cluster, one of Melbourne most sought after Industrial and Technology precincts.

This prominent corner site boasts an unrivalled location with excellent access to the M1 Freeway surrounding major occupiers including Amazon, Tesla, Carlisle Homes, Adidas and Mercedes Benz among others.


Key Highlights include:
An unprecedented inner south eastern location
Corner land holding of 6,619sqm*
Total building area of 2,717sqm*
Large power capacity
Strong underlying land value being zoned Special Use
Situated within the Monash employment precinct
Low site coverage of 41%
Ultimate flexibility with the ability for redevelopment or owner occupation

Please contact the exclusively appointed agents for further information or to arrange an inspection.

Property History for 18-24 Geddes St, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$8,750,000
18 Oct 2023
Listed for Rent
19 Feb 1994
  • 18 Oct 2023
    Sold for $8,750,000
  • 10 Jul 2023
    Listed for Sale Contact Agent
  • 03 Jul 2014
    Sold for $3,000,000
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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 2011 was 17,647 people. By 2016 the population was 19,380 showing a population growth of 9.8% 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 2011, 77.3% of the homes in Mulgrave were owner-occupied compared with 75.4% in 2016.

Mulgrave has 9,288 properties. Over the last 5 years, Houses in Mulgrave have seen a 24.33% increase in median value, while Units have seen a 16.68% increase. As at 30 September 2024:

  • The median value for Houses in Mulgrave is $1,090,961 while the median value for Units is $827,396.
  • Houses have a median rent of $620 while Units have a median rent of $620.
There are currently 20 properties listed for sale, and 11 properties listed for rent in Mulgrave on OnTheHouse. According to CoreLogic's data, 292 properties were sold in the past 12 months in Mulgrave.

Suburb Insights for Mulgrave 3170

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.