1 Dunoon Court Mulgrave, VIC 3170

RWC (Oakleigh) is pleased to offer 1 Dunoon Court, Mulgrave for sale via on-site Auction on Wednesday 25th March 2026 at 11:00am On-site.

This leased freehold presents an affordable and strategic investment opportunity within Melbourne's tightly held south-eastern corridor. The property is leased to long-term tenant Lito Hair and Make-up Artist, who has renewed for a further 12 month term from 1 January 2026, returning $21,000 p/a plus GST plus outgoings.

With the lease expiring in January 2027, the property provides genuine flexibility. Investors can continue the tenancy and re-negotiate terms with the existing tenant, or owner-occupiers may look to take possession and establish their own business from early 2027. The property comprises a well-presented 70m2* building configured with four (4) rooms, reception area, internal toilet and kitchenette. A substantial rear yard with engineered slab provides flexibility for storage, extension or future redevelopment (STCA).
This is a compact, income-producing asset with underlying land value and clear future upside (STCA).

Property Highlights:

• Land area | 186m2*
• Building area | 70m2*
• Four (4) rooms plus reception
• Internal amenities and kitchenette
• Large backyard with engineered slab
• Rental | $21,000 p.a. + GST + Outgoings
• Tenant: Lito Hair and Make-up Artist
• Lease expiry | January 2027
• Flexibility to occupy or re-negotiate
• Add-value or development potential (STCA)

Mulgrave is one of Melbourne's most established commercial and residential suburbs, located 21 km* south-east of the Melbourne CBD. The property benefits from immediate access to major arterial roads including:

• Monash Freeway (M1)
• Princes Hwy
• Springvale Road
• Wellington Road
• Blackburn Road

This connectivity provides efficient access to the CBD, Monash employment precinct and surrounding suburbs including Clayton, Wheelers Hill and Notting Hill. Public transport is well serviced via bus routes along Springvale Road and Wellington Road. Train access is available via nearby Springvale Station and Glen Waverley Station. The broader precinct is supported by major amenities including Brandon Park Shopping Centre, Waverley Gardens Shopping Centre and Monash University, reinforcing long-term demand fundamentals.

For further information or to arrange a suitable time to inspect, please contact one of the exclusive marketing agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.