An off-the-plan, strata medical centre within Heidelberg’s medical precinct has sold to an owner-occupier for more than $3 million.
The 425sqm medical centre will occupy the ground floor of the future premium residential tower Martin & Powlett at 9-11 Martin Street. Construction of the project is expected to commence in February 2019.
Developer Blue Earth Group appointed CBRE agents Sandro Peluso, Josh Twelftree and Jimmy Tat to market the property via Private Sale.
Mr Peluso noted the campaign generated numerous competitive offers from healthcare groups seeking to occupy the premises upon its completion.
“Demand for healthcare investments continues to reach new heights, particularly for assets at a price point that is feasible to owner occupiers. Buyers are similarly recognising the importance of securing a location with either an existing medical permit or a property in which the floorplan and parking will allow for the attainment of one,” Mr Peulso said.
Mr Twelftree added: ”As the commercial property landscape shifts, the investment fundamentals of the healthcare market are becoming increasingly appealing to a wider spectrum of buyers.”
The site is in immediate proximity to one of Melbourne’s leading medical hubs, comprising Warringal Private, Austin Hospital and Heidelberg Repatriation Hospital.
The 425sqm medical centre will occupy the ground floor of the future premium residential tower Martin & Powlett at 9-11 Martin Street. Construction of the project is expected to commence in February 2019.
Developer Blue Earth Group appointed CBRE agents Sandro Peluso, Josh Twelftree and Jimmy Tat to market the property via Private Sale.
Mr Peluso noted the campaign generated numerous competitive offers from healthcare groups seeking to occupy the premises upon its completion.
“Demand for healthcare investments continues to reach new heights, particularly for assets at a price point that is feasible to owner occupiers. Buyers are similarly recognising the importance of securing a location with either an existing medical permit or a property in which the floorplan and parking will allow for the attainment of one,” Mr Peulso said.
Mr Twelftree added: ”As the commercial property landscape shifts, the investment fundamentals of the healthcare market are becoming increasingly appealing to a wider spectrum of buyers.”
The site is in immediate proximity to one of Melbourne’s leading medical hubs, comprising Warringal Private, Austin Hospital and Heidelberg Repatriation Hospital.
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.