Tamim Property
Open for investment
TAMIM Property Fund – Springvale unit class
Register your Interest - EOI
New Property Investment Opportunity
Invest in One of Monash’s Finest Commercial Properties
700 Springvale Road, Mulgrave presents a rare opportunity to participate in a premier property investment. Strategically located in the heart of the thriving Monash Employment and Innovation Cluster, this asset boasts proximity to key infrastructure such as the Victorian Heart Hospital, Monash University, and M-City Shopping Centre. The fully refurbished building spans a 9,153sqm landholding and features flexible, light-filled floorplates (light from four sides), ample car parking, and strong environmental credentials.
With 88% occupancy, tenants include renowned organisations such as Monash Health, CMP, Bunzl Australia and Arthur J Gallagher, ensuring a diversified and stable income stream. The property generates an estimated fully leased net income of $2.33 million annually, underpinned by a long history of high tenant retention and fit out upgrades. Positioned to benefit from the transformative $34.5 billion Suburban Rail Loop project, this investment offers robust current returns and significant future upside potential.
Investment Highlights
Year 1 Distribution Forecast: 7.25%
Average Distribution Forecast: 7.50% p.a.
Distribution Frequency: Quarterly
Projected IRR: 13.25 to 13.5%*
Min. Investment: $250,000
Open to Wholesale/Sophisticated investors.
*Calculated after management fee & interest payments.
* TAMIM reserves the right to accept applications for lower amounts in its absolute discretion.
Prime Location in the Heart of Monash
Located within the thriving Monash Employment and Innovation Cluster, 700 Springvale Road, Mulgrave enjoys exceptional connectivity and prominence. It is strategically positioned near key infrastructure such as the Victorian Heart Hospital, Monash University, and the bustling M-City Shopping Centre, making it a hub for education, healthcare, and retail. This location is further bolstered by its proximity to the $34.5 billion Suburban Rail Loop project, ensuring enhanced accessibility and long-term growth potential in one of Melbourne’s most dynamic and high-demand precincts.
Melbourne
Home to approximately 5.4 million residents, Melbourne is experiencing significant growth, driven by both interstate and international migration. As Australia’s cultural and sporting capital, the city consistently ranks among the most liveable globally, earning the title of the 4th most liveable city in 2024. Known for its thriving education sector, Melbourne is also the 5th best student city in the world, with two universities ranked among the global top 100.
Transformational Infrastructure
Melbourne is undergoing a major transformation, supported by an extensive infrastructure pipeline designed to enhance connectivity, boost economic activity, and future-proof the city:
- $34.5 billion Suburban Rail Loop: Improving transport links across Greater Melbourne.
- Metro Tunnel Project ($11 billion): Expanding inner-city rail capacity.
- West Gate Tunnel ($10 billion): Streamlining access to Melbourne’s CBD and western suburbs.
- Melbourne Airport Expansion: Accommodating increasing international traffic.
- $1.7 billion Melbourne Arts Precinct Transformation: Elevating Melbourne’s cultural offerings with world-class venues.
Tenants
Property Highlights
-
- 88% leased underpinned by a long history of high tenant retention
- Development potential opportunity to add between 3706 to 8,040 sqm NLA
- 4 Sides natural light
- Subdivisible floorplates
- Ample car parking
- Positioned to benefit from the transformative $34.5 billion Suburban Rail Loop project
- Easy access to major roadways
- Recent capex upgrades
Invest in One of Monash’s Finest Commercial Properties
Register for Exclusive Webinar
Join Jeff Taitz and Darren Katz, for an engaging session TAMIM’s latest commercial property investment opportunity.
In this webinar, we will explore the investment strategy around the new Springvale investment opportunity and in particular what makes this property an attractive asset.
Can’t join us live, no worries! Register now, and we’ll send you the recording so you can watch it at a time that suits you.
Webinar Details
Date: Wednesday, 11 December 2024
Time: 2:30pm (AEST)
Duration: 1 hour
Register your interest and secure your stake in TAMIM Property
TAMIM Property solutions are available in an unlisted unit trust structure. Each property deal will entail the establishment of a new Special Purpose Vehicle (SPV) into which you, the investor, can buy units. Minimum investment on any given deal is $250,000 and is available to wholesale/sophisticated investors.