59-61 Police Road, Mulgrave, VIC 3170

Development/Land

For Sale Contact the Stonebridge Team

  • Property ID: 449794
  • Land Area: 5345m²
  • Occupancy: Vacant
One of The Last Infill Development Opportunities of Scale in Mulgrave

Stonebridge Property Group is pleased to present for sale 59-61 Police Road, Mulgrave, a 5,345 sqm* landholding offering the potential for residential, childcare, medical or a clever combination (STCA).

The existing improvements feature a church and hall complete with ample on-site parking, as well as a separate vicarage /4-bed dwelling and double garage. The property is ideally suited for immediate use by religious or educational organisations.

The key highlights of the opportunity include:

- Commanding 5,345 sqm* landholding

- 37 m* frontage to Police Road

- Current improvements include a church and hall complete with ample on-site parking, as well as a separate vicarage /4-bed dwelling and double garage. The property is ideal for religious or educational uses

- Walking distance to several schools including Wellington Secondary College (400 m*), St John Vianney’s Primary School (400 m*) and Albany Rise Primary School (900 m*)

- Outstanding retail amenities with local shops along Police Road, just 650 m* from the major Springvale Road and Princes Highway intersection, a key retail hub featuring Coles, Dan Murphy's, and Bunnings, plus easy access to Waverley Gardens (2.1 km*)

- Excellent connectivity with Springvale Train Station just 2 km* away, multiple bus stops along Police Road, and a 20-minute drive to the CBD via the Monash Freeway on-ramp (2.5 km*), further enhanced by the forthcoming Monash Suburban Rail Loop Train Station

- Within the Monash National Employment and Innovation Cluster, the largest hub for employment outside the CBD, a strategic area that encompasses major employers and world-class research institutions: CSIRO, Monash Health, Australian Synchrotron and Monash University

- 3.2 km* from Monash University highlighting the excellent education institutions with convenient proximity for residents

- Surrounded by lifestyle amenities including Edinburgh Reserve (400 m*), Wellington Reserve (550 m*), and Sandown Racecourse (1.7 km*)

- Mulgrave boasts a strong median house price of $1,100,000 (REIV 2024), with a robust annual growth rate of 8.2% since 2019

59-61 Police Road, Mulgrave is offered for sale via Expressions of Interest, closing Thursday 28th November 2024 at 2pm (AEDT). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents:

Julian White
0422 764 137

Andrew Milligan
0421559992

Chao Zhang ??
0411 625 068

Property Code: 1113

Mulgrave Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4375 --- ---
Industrial --- $176 ---
Offices --- $284 ---
This is the average advertised price, rent and yield for Mulgrave, VIC 3170*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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