39-41 Clunies Ross Crescent, Mulgrave, VIC, 3170

POINT OF INTEREST:

A dual-title commercial property investment in the heart of Mulgrave, these two freeholds offer a fully leased security blanket generating $98,168.42 per annum + GST & outgoings — backed by a 30-year anchor tenant and a freshly signed lease upstairs. Coster Galgut has thrived within building 39 and the ground-floor of 41 for over three decades, renewed agreement from 1st July 2024 with a 3+3+3 year term. Commtech, which moved into building 41’s first floor on the 2nd of June 2025, has a 2+2+2-year agreement. Purpose-built, light-filled, and professionally fitted, both offices feature ducted air-conditioning, rear ROW access, and 4 on-site car parks with some weather-proofed. It’s a well-kept, low-maintenance freehold in a tightly held pocket where even Kmart host their Head Office. Just 1 km* from the Monash and moments from Springvale and Wellington Roads, you’re also only 1.8 km* to Princes Highway and surrounded by commercial and industrial heavyweights like GWM, Tesla, and Bulla.

- Fully leased dual-Title office investment within the heart of Mulgrave.

- $98,168.42 per annum + GST + outgoings in total leasing income.

- Coster Galgut Pty Ltd has been the long-term anchor tenant since 1992.

- Commtech Supplies Pty Ltd has been newly leased since June 2025.

- Total building area: 370 sqm* (Building 39: 174 sqm* / Building 41: 187 sqm*).

- 392 sqm* total land area.

- Favourable Commercial 1 zoning - allows commercial and residential use (STCA) .

- 4 on-site car parks with a carport covering some spaces.

- 900 m* to the Monash.

- 1.8 km* to Princes Highway.

POINT OF VIEW:

Anchored by impressive loyalty and positioned for the future, this investment hits every lucrative benchmark — in this postcode and beyond the (Mul)grave.

*Approx.

Pricing excludes GST

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