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Sold on 17 Sep 2024 - Price Unavailable

46 Wanda Street
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 160m2
Land area: 203m2
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Property Details for 46 Wanda St, Mulgrave

Building Type
Commercial
Floor Size
160m2
Land Size
203m2

Last Listing description (September 2024)

RWC (Oakleigh) presents 46 Wanda Street, Mulgrave to the market for sale available through a public auction on Tuesday 17th September 2024 at 11:00am - an exceptional investment property leased to the well-established & long term Wanda Pizza since 2004, a cornerstone business in the local community. This property offers a secure and attractive income stream with the potential for future growth.

The property is situated in a thriving local shopping village that includes a number of complimenting essential services such as Local IGA, butcher, bakery, fish & chips, Café, newsagent & pharmacy.

This vibrant commercial hub attracts a steady flow of foot traffic and serves as a key destination for local residents.

Key Property Benefits:

• Total building area | 178m²*
• Total land area | 203 m²*
• Comprising of a shop front & 3 bedroom residence
• Long-term & established business since 2004
• Recently renewed 5 year lease with options
• Current Rent | $41,000 p/a plus GST and Outgoings
• Convenient rear access with onsite parking
• Commercial 1 Zoning (C1Z)
• Terms | 10% deposit, 30 - 90 days

Positioned close to key roads such as the Monash Freeway (M1) and Princes Highway, the property offers excellent connectivity to Melbourne's CBD and surrounding suburbs. The area is well-served by public transport, with the nearest train station being Springvale Station, 3.6km* away.

Mulgrave has experienced significant growth and development, making it an attractive area for investors. The suburb's ongoing infrastructure improvements and increasing population density are driving demand for commercial properties.

Inspection Times:

• Tuesday 27th August | 2:30PM - 3:00PM
• Tuesday 3rd September | 2:30PM - 3:00PM
• Tuesday 10th September | 2:30PM - 3:00PM
• Tuesday 17th September | 10:30AM - 11:00AM (Auction Day)

For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562

*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents

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Property History for 46 Wanda St, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
17 Sep 2024
  • 17 Sep 2024
    Sold for $740,000
  • 15 Aug 2024
    Listed for Sale SOLD
  • 11 Dec 2003
    Sold for $311,000
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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 9,308 properties. Over the last 5 years, Houses in Mulgrave have seen a 16.25% increase in median value, while Units have seen a 19.97% increase. As at 30 November 2024:

  • The median value for Houses in Mulgrave is $1,067,454 while the median value for Units is $850,411.
  • Houses have a median rent of $635 while Units have a median rent of $630.
There are currently 16 properties listed for sale, and 19 properties listed for rent in Mulgrave on OnTheHouse. According to CoreLogic's data, 292 properties were sold in the past 12 months in Mulgrave.

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Contact agent
Ryan Amler
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Ray White Commercial Oakleigh
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