High-Yielding Investment - ASX-Listed Company in Premier Location

High-Yielding Investment - ASX-Listed Company in Premier Location

RWC is exclusively offering Suites 3 & 4 within the Paragon Building, located at 799-807 Springvale Road, Mulgrave VIC.

This presents a high-yielding investment opportunity with a secure lease to Asset Vision Co Limited, an ASX-listed company, within the rapidly expanding Monash Employment and Innovation Cluster.

Key details of this substantial asset include:

- Rental Income: $89,700 per annum plus GST.
- New Lease Details: Three (3) years commencing 2 November 2026.
- Fixed Growth: Fixed annual rent increases of 4%.
- Further Options: Two (2) further terms of three (3) years each.
- Outgoings: The tenant is responsible for 100% of outgoings, including council rates, water rates, owners' corporation fees and land tax.
- Fit-out: Includes the existing landlord fit-out.
- Permitted Use: Specifically designated for commercial offices.

Positioned in Victoria's second-largest employment district, this property offers immediate proximity to the $557m Victorian Heart Hospital, Monash University, and M-City Shopping Centre.

This opportunity at 799-807 Springvale Road, Mulgrave, is ideal for investors, offering:

- Leased to Asset Vision Co Limited, which is listed on the Australian Stock Exchange.
- The office features a mix of open-plan workspaces and private offices, suitable for a professional business.
- Includes open-plan workstations, a large dedicated boardroom, and a welcoming reception area with comfortable seating.
- Large windows provide excellent natural light, creating a pleasant and productive working atmosphere.
- Brandon Park Shopping Centre is a 2-minute* drive away, and Chadstone Shopping Centre is a 15-minute* drive away.
- Outstanding Connectivity: Numerous bus stops along Springvale Road, direct access to the Monash Freeway via Wellington Road, and proximity to Springvale and Clayton Train Stations.

This offering is ideal for investors seeking a secure, high-yield asset with a brand-new lease term in place with an ASX-listed tenant..

Ryan Trickey 0400 380 438
Will Jonas 0422 883 011

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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