For Sale
PUBLIC COMPANY GUARANTEE INVESTMENT OPPORTUNITY
1224 Sydney Road, Fawkner VIC 3060
Vinci Carbone are delighted to present 1224 Sydney Road, Fawkner - a prominent corner freehold investment situated on a substantial 1,218 sqm* landholding, securely leased to Soak City Pty Ltd on a new 10-year lease.
Soak City is a wholly owned subsidiary of Mulpha Global Investment Holdings Pte Lte, which is wholly owned by Mulpha International Berhad (KLSE: MULPHA3905). A corporate guarantee is provided by Mulpha Australia Limited which has a $1.5B AUD asset portfolio approx.
This exceptional investment is underpinned by a defensive income profile, featuring 3% fixed annual rental increases and a favourable net lease structure in which the tenant is responsible for all outgoings, including Single Holding Land Tax.
Key Highlights:
+ Significant Corner Landholding: Substantial 1,218 sqm* Industrial 3 Zoned (IN3Z) site with a commanding combined frontage of 71.66m* to Sydney Road and Murray Street
+ Brand‑New 10‑Year Lease: Secure 10‑year lease to Soak City Pty Ltd, commencing June 2025, with Four (4) Further Terms of Five (5) Years
+ Strong Corporate Covenant: A corporate guarantee is provided by Mulpha Australia Limited which is wholly owned by Mulpha International Berhad (KLSE: MULPHA3905)
+ Net Lease Structure: Returning $170,000 per annum* plus GST, with the tenant paying all outgoings including Single Holding Land Tax
+ Compelling Rental Growth: 3% fixed annual increases ensuring consistent income escalation
+ State‑of‑the‑Art Improvements: Recently refurbished automated car wash featuring two modern wash bays, upgraded plant and canopy works, and refreshed site presentation
+ High‑Exposure Arterial Position: Prominent location along Sydney Road - one of Melbourne’s busiest and longest commercial spines - offering exceptional visibility and benefiting from strong complementary surrounding uses including automotive dealerships, fuel stations and national fast‑food operators
+ Potential No Stamp Duty: Significant upfront savings available under the CIPT reform, with stamp duty waived (subject to eligibility). http://www.sro.vic.gov.au/commercial-and-industrial-property-tax
For Sale by Expressions of Interest closing Thursday 26 March 2026 at 4pm
For further information, please contact our agents:
Zach Molinaro - 0488 300 575 - [email protected]
Frank Vinci - 0418 375 375 - [email protected]
Soak City is a wholly owned subsidiary of Mulpha Global Investment Holdings Pte Lte, which is wholly owned by Mulpha International Berhad (KLSE: MULPHA3905). A corporate guarantee is provided by Mulpha Australia Limited which has a $1.5B AUD asset portfolio approx.
This exceptional investment is underpinned by a defensive income profile, featuring 3% fixed annual rental increases and a favourable net lease structure in which the tenant is responsible for all outgoings, including Single Holding Land Tax.
Key Highlights:
+ Significant Corner Landholding: Substantial 1,218 sqm* Industrial 3 Zoned (IN3Z) site with a commanding combined frontage of 71.66m* to Sydney Road and Murray Street
+ Brand‑New 10‑Year Lease: Secure 10‑year lease to Soak City Pty Ltd, commencing June 2025, with Four (4) Further Terms of Five (5) Years
+ Strong Corporate Covenant: A corporate guarantee is provided by Mulpha Australia Limited which is wholly owned by Mulpha International Berhad (KLSE: MULPHA3905)
+ Net Lease Structure: Returning $170,000 per annum* plus GST, with the tenant paying all outgoings including Single Holding Land Tax
+ Compelling Rental Growth: 3% fixed annual increases ensuring consistent income escalation
+ State‑of‑the‑Art Improvements: Recently refurbished automated car wash featuring two modern wash bays, upgraded plant and canopy works, and refreshed site presentation
+ High‑Exposure Arterial Position: Prominent location along Sydney Road - one of Melbourne’s busiest and longest commercial spines - offering exceptional visibility and benefiting from strong complementary surrounding uses including automotive dealerships, fuel stations and national fast‑food operators
+ Potential No Stamp Duty: Significant upfront savings available under the CIPT reform, with stamp duty waived (subject to eligibility). http://www.sro.vic.gov.au/commercial-and-industrial-property-tax
For Sale by Expressions of Interest closing Thursday 26 March 2026 at 4pm
For further information, please contact our agents:
Zach Molinaro - 0488 300 575 - [email protected]
Frank Vinci - 0418 375 375 - [email protected]