Medical/Consulting for Sale

331 Princes Highway Noble Park, VIC 3174

CONTACT AGENT

Building: 173m²
Land: 612m²

Auction details

Auction
27November12:00pm
12:00pm
On Site

Auction location: On Site

Contact the agent if you'd like further information.

Enquire with Agent

Medical/Consulting for Sale in Noble Park

MORTGAGEE SALE - THE SMART INVESTOR'S MEDICAL BUY

Building: 173m²
Land: 612m²

Next Steps:

Enquire with agent

331 Princes Highway has been tenanted for over 11 years and it's easy to see why; this is a medical centre right next to, and leased by the South Eastern Hospital currently operating as a Melbourne Pathology collection centre. The property is also located just metres from Eastlink and benefits from service road access and adjacent hospital parking.

The current three year lease expires in May 2026, with a market review to start the final 3 year option. Given the size and location of the property, we anticipate rental upside, not to mention the prospect of higher returns with some strategic capital improvement.

The opportunity features:

612m2* of land
173m2* building area
Current rent $74,220 + GST
Tenant pays usual outgoings
6 consulting rooms, reception, staff room, amenities, etc.
General Residential Zone (GRZ1)
Tenanted since 2014 by Healthe Care South Eastern with sublease to Melbourne Pathology
3 year lease to 31/05/2026
Market review May 2026 to commence final 3 year option
Annual CPI increases
7 car spaces
Bordering South Eastern Hospital + carpark
3.5km from Dandenong Hospital

Auction 12pm Thursday November 27th on site

Contact Dillon Chambers 0422 909 456 or Ryan Trickey 0400 380 438 for further information or to arrange an inspection.

Building:

173m²

Land:

612m² / 0.15 acres

Zone:

GRZ1 - General Residential Zone

Tenancy:

Tenanted

Categories:

Medical/Consulting, Other