Information Memorandum - 3-5 Gilda Court, Mulgrave
As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
For investors with an acute eye for upside, or owner-occupiers who need a head start, this versatile Mulgrave HQ offers income, flexibility, and a polished fit-out ready to move into or lease out. Whether you’re seeking steady income, future growth or both, this one’s got the goods for you to utilise yours. Private Sale by Closing Date: Wednesday, May 21st at 3pm.
Money in the bank downstairs, room to play upstairs. This rare dualtenancy configuration delivers double the options with none of the wait.
“Unlock dual income potential with this premium Mulgrave property — secure tenants downstairs and endless possibilities upstairs, offering the perfect blend of investment and flexibility!”
Tim Cooney | 0468 860 737 tim.cooney@cva.melbourne Director | Southern Region
After five years spent working in commercial real estate in London, Tim is home in 2021. Melbourne born and bred with more than 5 years’ experience locally, there aren’t many who are better suited to this business. Diligent. Proactive. An honest communicator. Tim knows it’s in the face-toface where deals are won and lost for all parties. Because of this, he takes great care in building rapport and learning the long-term strategy of his clients to enable the best advice not just shortterm, but for life. Meticulously detailed and across all of the numbers, you’ll be glad you have Tim’s on hand – plus his support across all points of your deal.
“Maximize your return with the solid income from the ground floor, while capitalizing on the first-floor space for your own business or a new tenant — the ultimate investment opportunity in Mulgrave!”
Jordan Carroll | 0467 628 951 jordan.carroll@cva.melbourne Property Executive | Southern Region
Some things about real estate can’t be taught — like innovative marketing tactics, effortless relationship building, and unwavering ethical standards — and Jordan has naturally brought all of these to the table. Passionate. Principled. Charismatic. His personable and genuine nature will see your trust in him stay sky-high, while your needs and ambitions get the same treatment at the top of his priority list. Jordan’s deep commitment to excellence and continuous improvement underpins his every move, making your next one in the market the strongest so far.
Suite 8 at 3-5 Gilda Court is located in the heart of Mulgrave’s established commercial precinct, offering a modern workspace suitable for a range of business types.
Spanning 580 sqm* with a mix of modern office space and ancillary warehousing, the building is split into two tenancies: a securely leased ground floor of 360 sqm* generating $74,675 per annum, and a first floor of 220 sqm* currently owner-occupied but primed for a new tenant or immediate occupation.
Inside, expect fully glazed offices and meeting rooms, sleek kitchen and bathroom amenities on both levels, and rear roller door access for seamless loading.
The interior is bright and well-lit, with floor-toceiling glass partitions that allow natural light to flow throughout the space. These design elements create a sense of openness while maintaining privacy between work areas.
The layout includes a mix of private offices, openplan workstations, and meeting areas, providing flexibility for different work styles and team sizes. Whether used for individual tasks or collaborative projects, the space is well-suited to support both day-to-day operations and occasional client meetings. The configuration allows for easy movement and clear division of areas without compromising visual continuity.
Outside, 18 on-Title car parks and a cul-de-sac position add serious day-to-day practicality — all within easy reach of major arterials and surrounded by leading national and global names.
Overall, the suite balances functionality and style. With quality finishes and a contemporary design, it creates a professional setting for staff and visitors alike. Its central location within a thriving business area adds further value, making it a practical option for businesses looking to establish or grow their presence in Mulgrave.
Title particulars
Certificate of Title — Volume 10890 Folio 525
Lot 8 on Plan of Subdivision 523306J
Zoning Special Use Zone - Schedule 6 (SUZ6)
Planning Overlays
Municipality
Design And Development Overlay - Schedule 1 (DDO1)
City of Monash
3 Month Security Deposit ($19,937.50).
OUTGOINGS: Tenant pays 100% of Retail Outgoings on a pro-rata basis.
MPPT Custom handle the entire process of manufacturing rubber stamps, from production and assembly to packaging and shipping to their customers. Additionally, they specialise in crafting custom gifts, offering a diverse range of personalised items such as coffee mugs and engraved cheeseboards. These are made, packed and shipped from this location.
01 FIRST FLOOR TENANT: Homeington Land Developments (https://homeington.com.au/).
03 LEASE TERM: Twelve (12) months. 04 FURTHER TERMS: Nil.
08 OUTGOINGS: Tenant pays 100% of Retail Outgoings on a pro-rata basis.
FIRST FLOOR TENANT DESCRIPTION:
Homeington Land Developments is a Melbourne-based property development company specialising in residential land communities. Known for delivering thoughtfully planned, high-quality estates, Homeington focuses on creating vibrant neighbourhoods that offer lifestyle, connectivity, and long-term value. Their projects typically feature premium amenities, landscaped open spaces, and close proximity to schools, shops, and transport — appealing to both families and investors. With a commitment to quality and innovation, Homeington aims to set new standards in land development across Victoria.
COMPARABLE LEASE TRANSACTIONS
Recent leasing transactions to support the rental appraisal of the 220 sqm* fitted first floor office at $275 per sqm ($60,500 per annum) and the projected overall rent or $130,000 per annum.
33/15
Lease Price: $75,000 p.a. Date: February 2025
Building Area: 210 sqm* Rate: $357 per sqm*
Lease Price: $57,000 p.a. Date: August 2024
Building Area: 174 sqm* Rate: $327.59 per sqm*
Lease Price: $53,400 p.a. Date: August 2024
Building Area: 191 sqm* Rate: $279.58 per sqm*
Lease Price: $70,000 p.a. Date: April 2024
Building Area: 239 sqm* Rate: $292.89 per sqm*
RICKETTS ROAD, MOUNT WAVERLEY
3/417-431 FERNTREE GULLY ROAD, MOUNT WAVERLEY
2/63 WILLOW AVENUE, SPRINGVALE
6/195 WELLINGTON ROAD, CLAYTON
All signs point to: Gilda Court
8/3-5 Gilda Court in Mulgrave offers a strategic location with excellent connectivity, making it a prime spot for business and investment opportunities. Here are some notable aspects and benefits of buying property in this area:
Strategic Location with Excellent Connectivity:
Mulgrave is strategically positioned with direct access to major transport routes, including the M1 and M3 freeways, facilitating seamless travel to Melbourne’s central business district (CBD) and other key areas. Public transport options are also readily available, with train stations such as Sandown Park, Springvale, and Noble Park within a 10-minute radius, enhancing accessibility for both residents and businesses.
Robust Property Market with Strong Growth:
The suburb has experienced consistent property value increases, with houses seeing a 9.54% rise and units a 19.75% increase over the past five years. As of January 2025, the median house value is approximately $1,042,043, and units are valued at around $844,400. This growth indicates a healthy and appreciating real estate market, making it an attractive option for investors.
All signs point to: Gilda Court
Proximity to Educational Institutions:
Mulgrave is home to several reputable educational institutions, including Mazenod Secondary College, Wellington Secondary College, and Albany Rise Primary School. The presence of these institutions not only adds to the community’s appeal but also ensures a steady demand for rental properties from families seeking quality education for their children.
Access to Retail and Commercial Amenities:
Residents and businesses in Mulgrave benefit from proximity to shopping centers like Waverley Gardens and Brandon Park, which offer essential retail services. Additionally, larger shopping hubs such as Chadstone Shopping Centre, The Glen, and Westfield Fountain Gate are just a short drive away, providing a wide array of retail and dining options..
Active Community and Recreational Facilities:
Mulgrave boasts a vibrant community with various recreational facilities. The suburb hosts multiple Australian Rules football teams, cricket clubs, and tennis clubs, fostering a strong community spirit. These amenities not only enhance the quality of life for residents but also contribute to the area’s desirability for families and individuals alike.
All signs point to: Mulgrave
Mulgrave is a well-established suburban area located in Melbourne’s southeastern region, offering a balanced blend of residential comfort and commercial accessibility. Known for its family-friendly environment, Mulgrave features a mix of quiet tree-lined streets, spacious homes, and modern apartments, making it an attractive place for families and young professionals alike. The suburb is home to a diverse community and boasts several local amenities, including schools, parks, and recreational facilities, which enhance its appeal as a desirable residential a rea.
In addition to its residential appeal, Mulgrave is also a thriving business hub. Its strategic location near major highways, such as the M1 and M3 freeways, ensures quick access to Melbourne’s CBD and surrounding areas, making it an ideal location for businesses seeking both visibility and convenience. Mulgrave’s proximity to key
shopping centers, like Waverley Gardens and Chadstone Shopping Centre, further contributes to its commercial viability. The suburb’s growing property market, with rising values in both residential and commercial real estate, signals its potential for long-term investment.
And the point?
Mulgrave is an ideal location due to its proximity to key commercial centers like Chadstone Shopping Centre, Waverley Gardens, and nearby business parks. The area is also well-supported by essential infrastructure and services, including educational institutions and healthcare facilities. These factors create a stable environment for businesses to thrive while offering a high quality of life for employees and residents. Mulgrave’s diverse community and active local economy make it an ideal suburb to invest in for both real estate and business ventures.
SALES PROCESS
Private Sale by Closing Date Process
At CVA, we are committed to ensuring a professional and structured approach to private sales by closing date.
To provide full transparency and fairness to all interested buyers, we have outlined the key steps of the process below.
1. Submitting Offers
Offers must be submitted by the specified closing date and time. All interested parties should complete the required offer documentation in full, ensuring it is signed and submitted to the relevant contact prior to the deadline. Late submissions will not be considered. We recommend submitting your best offer, as the vendor may choose to accept an initial offer without further negotiation.
2. Review Process
Once the submission period has closed, all offers will be compiled and presented to the vendor for review. The vendor will carefully assess all offers and may decide to accept an offer outright, negotiate with selected buyers, or request additional details if necessary. We will promptly communicate the outcome and any further instructions to all parties.
3. Contract and Settlement
Following the acceptance of an offer, a contract of sale will be prepared. At this stage, a deposit will typically be required to secure the property. The terms of the sale, including the settlement date, will then be finalised between the vendor and the successful buyer.
We are dedicated to maintaining clear communication and ensuring that all participants are fully informed throughout the private sale process by closing date. Our goal is to provide a seamless and respectful transaction for all parties involved.
For more information, contact
Tim Cooney
0468 860 737
tim.cooney@ cva.melbourne
Jordan Carroll
0467 628 951
jordan.carroll@ cva.melbourne
Copyright State of Victoria. No part of this publication may be reproduced except as permitted by the Copyright Act 1968 (Cth), to comply with a statutory requirement or pursuant to a written agreement. The information is only valid at the time and in the form obtained from the LANDATA REGD TM System. None of the State of Victoria, its agents or contractors, accepts responsibility for any subsequent publication or reproduction of the information.
The Victorian Government acknowledges the Traditional Owners of Victoria and pays respects to their ongoing connection to their Country, History and Culture. The Victorian Government extends this respect to their Elders, past, present and emerging.
REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958
VOLUME 10890 FOLIO 525 Security no : 124123959500R
Produced 28/04/2025 11:51 AM
LAND DESCRIPTION
Lot 8 on Plan of Subdivision 523306J.
PARENT TITLE Volume 10719 Folio 497
Created by instrument PS523306J 28/07/2005
REGISTERED PROPRIETOR
Estate Fee Simple
Sole Proprietor
HOMEINGTON BUILDING AND DEVELOPMENTS PTY LTD of 11 BRAZILIA DRIVE GLEN
WAVERLEY VIC 3150
AW498196K 30/01/2023
ENCUMBRANCES, CAVEATS AND NOTICES
MORTGAGE AW707622L 05/04/2023
SECURE FUNDING PTY LTD
CAVEAT AY830641A 30/01/2025
Caveator
AUSTRALIAN COMMERCIAL MORTGAGE CORPORATION PTY LTD ACN: 109865590
Grounds of Claim
CHARGE CONTAINED IN AN AGREEMENT WITH THE FOLLOWING PARTIES AND DATE.
Parties
THE REGISTERED PROPRIETOR(S)
Date
28/01/2025
Estate or Interest
INTEREST AS CHARGEE
Prohibition
ABSOLUTELY
Lodged by
DENTONS AUSTRALIA
Notices to
DENTONS AUSTRALIA LIMITED of 77 CASTLEREAGH STREET SYDNEY NSW 2000
Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section
24 Subdivision Act 1988 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.
DIAGRAM LOCATION
SEE PS523306J FOR FURTHER DETAILS AND BOUNDARIES
ACTIVITY IN THE LAST 125 DAYS
NUMBER STATUS DATE
AY830641A (E) CAVEAT Registered 30/01/2025
------------------------END OF REGISTER SEARCH STATEMENT------------------------
Additional information: (not part of the Register Search Statement)
Street Address: UNIT 8 3-5 GILDA COURT MULGRAVE VIC 3170
ADMINISTRATIVE NOTICES
NIL
eCT Control 20402P
Effective from 20/12/2024
OWNERS CORPORATIONS
The land in this folio is affected by OWNERS CORPORATION 1 PLAN NO. PS523306J
DOCUMENT END
Delivered from the LANDATA® System by Landchecker Pty Ltd
Imaged Document Cover Sheet
The document following this cover sheet is an imaged document supplied by LANDATA®, Secure Electronic Registries Victoria.
To recognise or provide for the use and development of land for specific purposes as identified inascheduletothiszone
Table of uses
Section 1 - Permit not required
Any use in Section 1 of the schedule to this zone Must comply with any condition in Section 1 of the schedule to this zone
Section 2 - Permit required
Any use in Section 2 of the schedule to this zone Must comply with any condition in Section 2 of the schedule to this zone.
Any other use not in Section 1 or 3 of the schedule to this zone
Section 3 - Prohibited
Any use in Section 3 of the schedule to this zone
37.01-2
31/07/2018 VC148
Use of land
Anyrequirementinthescheduletothiszonemustbemet
Application requirements
An application to use land must be accompanied by any information specified in the schedule to thiszone
Exemption from notice and review
The schedule to this zone may specify that an application is exempt from the notice requirementsofSection52(1)(a),(b)and(d),thedecisionrequirementsofSection64(1),(2)and (3)andthereviewrightsofSection82(1)oftheAct.
Decision guidelines
Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:
Apermit must not be granted which would allow a separate lot to be created for land containing asmallseconddwelling.
VicSmart applications
Subject to Clause 7106, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column2
Class of application
Subdivide land to realign the common boundary between 2 lots where:
The area of either lot is reduced by less than 15 percent.
The general direction of the common boundary does not change.
Subdivide land into lots each containing an existing building or car parking space where:
The buildings or car parking spaces have been constructed in accordance with the provisions of this scheme or a permit issued under this scheme.
An occupancy permit or a certificate of final inspection has been issued under the Building Regulations in relation to the buildings within 5 years prior to the application for a permit for subdivision.
Subdivide land into 2 lots if:
The construction of a building or the construction or carrying out of works on the land:
– Has been approved under this scheme or by a permit issued under this scheme and the permit has not expired.
– Has started lawfully
The subdivision does not create a vacant lot.
Application requirements
Information requirements and decision guidelines
Clause 59.01
Clause 59.02
Clause 59.02
An application to subdivide land must be accompanied by any information specified in the scheduletothiszone.
Exemption from notice and review
The schedule to this zone may specify that an application is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3)andthereviewrightsofsection82(1)oftheAct
Decision guidelines
Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:
37.01-4
20/12/2021
VC174
Buildings and works
Permit requirement
Apermit is required to construct a building or construct or carry out works unless the schedule tothiszonespecifiesotherwise
Subject to Clause 71.06, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column2
Class of application
Construct a building or construct or carry out works with an estimated cost of up to $500,000 and the land is not:
Within 30 metres of land (not a road) which is in a residential zone.
Used for a purpose listed in the table to Clause 53.10.
An application for an amendment of a permit under section 72 of the Act, if the original permitapplicationwaslodgedbeforetheapprovaldateofAmendmentVC136
Clause 58 of this scheme, as in force immediately before the approval date of Amendment VC174,continuestoapplyto:
An application for an amendment of a permit under section 72 of the Act, if the original permitapplicationwaslodgedbeforethatdate
Application requirements
An application to construct a building or construct or carry out works must be accompanied by anyinformationspecifiedinthescheduletothiszone.
An application to construct or extend an apartment development, or to construct or extend a dwelling in or forming part of an apartment development, must be accompanied by an urban contextreportanddesignresponseasrequiredinClause5801
Exemption from notice and review
The schedule to this zone may specify that an application is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3)andthereviewrightsofsection82(1)oftheAct.
Decision guidelines
Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:
– To the construction of an outdoor swimming pool associated with a dwelling unless a specificrequirementforthismatterisspecifiedinascheduletothisoverlay
– To the construction of a building or construction or carrying out of works for a small seconddwellingifallthefollowingrequirementsaremet:
Apermitmaybegrantedtoconstructabuildingorconstructorcarryoutworkswhicharenotin accordance with any requirement in a schedule to this overlay, unless the schedule specifies otherwise
VicSmart applications
Subject to Clause 7106, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column2
Class of application
Class of application
Construct a building or construct or carry out works for:
Acarport, garage, pergola, verandah, deck, shed or similar structure.
An outdoor swimming pool.
The buildings and works must be associated with a dwelling.
Construct a building or construct or carry out works with an estimated cost of up to $1,000,000 where the land is in an industrial zone.
Construct a building or construct or carry out works with an estimated cost of up to $500,000 where the land is in a commercial zone or a Special Use Zone, Comprehensive Development Zone, Capital City Zone, Docklands Zone, Priority Development Zone,Activity Centre Zone or Precinct Zone.
Exemption from notice and review
Clause 59.05
Clause 59.05
Clause 59.05
A schedule to this overlay may specify that an application is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3)andthereviewrightsofsection82(1)oftheAct
Subdivision must occur in accordance with any lot size or other requirement specified in a scheduletothisoverlay
Apermit may be granted to subdivide land which is not in accordance with any lot size or other requirementinascheduletothisoverlay,unlesstheschedulespecifiesotherwise.
VicSmart applications
Subject to Clause 7106, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column2
Subdivide land to realign the common boundary between 2 lots where:
The area of either lot is reduced by less than 15 percent.
The general direction of the common boundary does not change.
Subdivide land into lots each containing an existing building or car parking space where:
The buildings or car parking spaces have been constructed in accordance with the provisions of this scheme or a permit issued under this scheme.
Clause 59.01
Clause 59.02
Class of application
An occupancy permit or a certificate of final inspection has been issued under the Building Regulations in relation to the buildings within 5 years prior to the application for a permit for subdivision.
Subdivide land into 2 lots if:
The construction of a building or the construction or carrying out of works on the land:
– Has been approved under this scheme or by a permit issued under this scheme and the permit has not expired.
– Has started lawfully
The subdivision does not create a vacant lot.
Exemption from notice and review
43.02-4
31/07/2018
Information requirements and decision guidelines
A schedule to this overlay may specify that an application is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3)andthereviewrightsofsection82(1)oftheAct.
Whether the bulk, location and appearance of any proposed buildings and works will be in keepingwiththecharacterandappearanceofadjacentbuildings,thestreetscapeorthearea.
Whether the design, form, layout, proportion and scale of any proposed buildings and works is compatible with the period, style, form, proportion, and scale of any identified heritage placessurroundingthesite
Whether any proposed landscaping or removal of vegetation will be in keeping with the characterandappearanceofadjacentbuildings,thestreetscapeorthearea.
The layout and appearance of areas set aside for car parking, access and egress, loading and unloadingandthelocationofanyproposedoffstreetcarparking
Whether subdivision will result in development which is not in keeping with the character andappearanceofadjacentbuildings,thestreetscapeorthearea
