SOLD
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Sold on 11 Jul 2024 - Price Unavailable

LEVEL 1-3/18-20 Compark Circuit
Mulgrave VIC 3170

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 220m2
Land area: 3484m2
Sold By
JLL - Melbourne
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Property Details for Level 1-3/18-20 Compark Cct, Mulgrave

Building Type
Commercial
Floor Size
220m2
Land Size
3484m2
Local Government
Monash
Lot/Plan
20/PS521264

Last Listing description (July 2024)

JLL Victorian Middle Markets has the exclusive privilege of offering for sale, Compark Connect a highly versatile development, investment or owner occupation opportunity within one of Australias fastest growing precincts, the Monash Employment and Innovation Cluster. Key details of 18-20 Compark Circuit, Mulgrave include:  + Strategic 8,472sqm* landholding providing excellent access and redevelopment outcomes (STCA)+ High quality existing office building of 3,484sqm* offering immediate income generation or owner-occupation opportunities+ Strong current income stream from longstanding Telstra-owned company, MT Data+ Above average car parking provisions, featuring 173* secure at-grade carparks+ A significant site positioned within the Monash Employment and Innovation Cluster - one of the largest concentration of skilled workers outside of the Melbourne CBD+ Situated within the Monash Health, Education and Technology precincts, being within immediate proximity to the recently completed $557m Victorian Heart Hospital+ Ideally poised to benefit from the $3.6bn Suburban Rail Loop (SRL) project that will deliver new train stations in Monash, Clayton and Glen Waverley+ 4 Star NABERS Energy Rating+ A premier metropolitan asset offering true scale and flexibility within one of Australias fastest-growing commercial precincts*Approx. EOI CLOSED - OFFERS UNDER REVIEWTo obtain further information please contact the exclusive selling agent.Tim Carr | 0415 767 915Mark Stafford | 0404 401 053MingXuan Li | 0498 688 998      Exceptional 2.09* Acre Landholding      Existing Income from Telstra Company      Monash Innovation Cluster Precinct

Property History for Level 1-3/18-20 Compark Cct, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
11 Jul 2024
Listed for Rent
19 Apr 2023
  • 11 Jul 2024
    Sold
  • 01 Jul 2024
    Listed for Sale Contact the JLL team
  • 05 Dec 2022
    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 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 9,291 properties. Over the last 5 years, Houses in Mulgrave have seen a 28.04% increase in median value, while Units have seen a 25.02% increase. As at 31 August 2024:

  • The median value for Houses in Mulgrave is $1,089,464 while the median value for Units is $849,023.
  • Houses have a median rent of $620 while Units have a median rent of $618.
There are currently 16 properties listed for sale, and 18 properties listed for rent in Mulgrave on OnTheHouse. According to CoreLogic's data, 293 properties were sold in the past 12 months in Mulgrave.

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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.