Melbourne, 17 August 2014 – A Sydenham medical facility occupied by St Vincent’s Hospital has been listed for sale, unlocking a prime investment opportunity in Melbourne’s rapidly growing north-west region.
Located at 574 Melton Highway on a 1,516sqm corner allotment, the 639sqm two level facility is anchored by St Vincent’s Hospital, trading as St Vincent’s Pathology, with a further eight specialists subleasing from the group.
The facility, which has been purpose built to accommodate a high-grade fit out suitable for a medical facility, benefits from high exposure to Melton Highway and Calder Park Drive. The property also includes on-grade parking for 30 vehicles.
CBRE’s Paul Tzamalis and Jamus Campbell have been appointed to sell the property via an Expressions of Interest campaign.
Mr Tzamalis said the property represented an outstanding investment opportunity in one of Melbourne’s growing locations.
“Securely leased to the well-known health services provider, St Vincent’s Hospital, this property is an exceptional investment with significant income security,” Mr Tzamalis said.
“Located in the growing outer northern suburb of Sydenham, the property stands to benefit from future growth in the area and joins a series of other established medical based clinics in what is quickly being regarded as a premier medical precinct.”
Sydenham is located approximately 20km from the Melbourne CBD.
For Australian/international news or global stories, follow us on Twitter.About CBRE Group, Inc.
