Share this property
Knight Frank - Eastern Office

13 & 15 Compark Circuit Mulgrave, VIC 3170

13 & 15 Compark Circuit,
Mulgrave, VIC 3170


Price information


Contact Agent

Key property information

Land area

Floor area

Car spaces

Property extent


Tenure type


Sold on

Knight Frank - Eastern Office

Knight Frank - Eastern Office

Level 3 10 Nexus Court
Knight Frank - Eastern Office
13 & 15 Compark Circuit
Mulgrave, VIC 3170



100% Leased Office Investment with 3.7 year WALE

  • Net income $1,737,478 p.a. (at 01/11/19)
  • Excellent rent reversion potential
  • Two Buildings on Two Titles
Dawkins Occhiuto in conjunction with Knight Frank are pleased to offer for your consideration two outstanding high-profile office buildings for sale by Expressions of Interest closing Thursday 24th October 2019 at 4pm.

Offering two fully leased standalone office buildings, 13 & 15 Compark Circuit provides investors with a secure investment opportunity leased to established long-term tenants.

Key benefits of this outstanding offering include: -
• Two fully leased standalone office buildings with a total NLA of 5,851 sqm* plus 226 car spaces.
• Net passing income of $1,737,478 per annum* plus GST and Outgoings (at 1/11/19).
• Large land holding of 8,334 sqm* with dual street frontage.
• Located in the heart of the Monash Technology Precinct.
• Low leasing risk with staggered leasing expiry and excellent WALE of 3.7 years.
• Long standing tenant history with multiple long-term tenants with over 90% of the income secured beyond up to and beyond June 2022.
• Excellent car parking ratio of 3.8 car spaces per 100 sqm of NLA.
• Below market office rentals offering longer term rent reversion.
• Record low vacancy rates across Metropolitan Melbourne increasing face rents and reducing incentives.

Situated in the heart of the Monash Office and Technology Precinct, 13 & 15 Compark Circuit are located less than 500 metres from the intersection of Springvale and Wellington Roads. The property enjoys the benefit of quick access to Princes Highway, Monash Freeway and EastLink. In addition, it is well serviced by public transport with bus services running along Wellington and Springvale Roads, further connecting to Oakleigh and Springvale Train Stations.

For further information please contact the exclusive marketing agents, Dawkins Occhiuto and Knight Frank.

Explore property virtually


Property ID: 503339450Last Updated: 22 Dec 2019

Knight Frank - Eastern Office
Level 3 10 Nexus Court
Dawkins Occhiuto - South Yarra
Suite 12, Level 3, Como Centre, 299 Toorak Road
progress tick

Sending email...

Make an enquiry

What's your enquiry about?


Enter your details

Name (required)
Email address (required)
Phone number

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Knight Frank - Eastern Office

Other properties you might be interested in based on the location and property type you are looking at.