Melbourne

Key location for new medical asset

A brand new freestanding building in the heart of the Box Hill education and medical precinct has been listed for sale by CBRE.

01 May 2018

A brand new freestanding building in the heart of the Box Hill education and medical precinct has been listed for sale by CBRE.

Developed and owned by ex-Colliers agent of 20 years, Tim Bolton, 120 Thames Street features 1,690sqm over three levels on a 903sqm site, with basement parking for 53 vehicles. The property is located in a prime spot directly opposite Box Hill Hospital Eastern Health and close to Box Hill’s transport hub, Box Hill Central shopping precinct and Box Hill Gardens.

The CBRE Victorian Health, Aged and Child Care team of Bianca Butterworth, Sandro Peluso, Josh Twelftree and Kinson Wong is selling the property via an Expressions of Interest campaign closing May 2.

Ms Butterworth said the property has a permit for 20 medical practitioners and features highly flexible floorplates allowing separate and multiple tenancies plus potential for ground floor retail (STCA).

Mr Peluso said the property presents a prime investment or owner occupier opportunity within one of Victoria’s largest healthcare hubs.

“This is a secure asset class which has demonstrated a long running history of profitability due to a steady demand for healthcare services,” Mr Peluso said.

“Over 2017, healthcare real estate was the standout sector, outperforming the core asset classes of office, retail and industrial,” he concluded.
 
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.