Premium specialist medical consulting space in East Melbourne hits the market

An entire floor in one of East Melbourne’s most tightly held commercial assets has been listed for sale.

The asset, Level 3 of 100 Victoria Parade, offers an area of 1,500sqm and is fitted out for specialist medical consulting use.

The floor is leased to St Vincent’s Hospital, with a partial sublease to St. Vincents Private Hospital, providing a strong passing income of over $701,256 pa (plus outgoings and GST), until July 2026 when vacant possession of the whole or part area is available. This tenancy profile offers immediate stability for investors while providing a clear runway for future capital expenditure or an ideal transition for an owner-occupier seeking to establish a flagship presence in this world-class healthcare hub.

CBRE’s Australian Healthcare & Social Infrastructure team, led by Sandro Peluso, Jimmy Tat, Jamus Campbell, and Kai Wang, have been appointed to manage the sale.

Mr Peluso noted the asset provides a rare and compelling opportunity for both discerning owner-occupiers and long-term investors/developers to secure a significant, income-producing footprint within Melbourne’s tightly held medical precinct.

“This is truly a once-in-a-generation opportunity. East Melbourne is one of the nation’s most robust and tightly held commercial and healthcare precincts, and the fact that an entire floor in 100 Victoria Parade, has not been publicly available for over two decades speaks volumes about its blue-chip status. For a significant doctor-led syndicate or an institutional investor, this provides unparalleled scale and flexibility, including the potential to refurbish into a multi-operating theatre day surgery or multiple specialist suites once the current lease expires,” Mr Peluso added.

The building is strategically located on a highly exposed corner of Victoria Parade, benefiting from a 30m street frontage. It is co-located with a host of established healthcare operators including Cura Day Hospital, Eye Surgery Consultants, Melbourne Retina Associates, the Victorian Vein Clinic and Melbourne Radiology Clinic, reinforcing its position as a central hub for specialist care. The location offers exceptional access to major hospitals and transport links, underpinning its long-term value.

Mr Tat said, “The strong results we’ve achieved on sales in the area this year, including 23 Clarendon Street and 344 Victoria Parade, confirm the intense and continued appetite from both local and international investors for high-quality assets in the East Melbourne health precinct. The depth of buyer interest we have recently witnessed signifies profound investor confidence in the long-term, recession-proof fundamentals of this market.”

The property is being sold via Expressions of Interest closing at 2pm AEDT on November 13, 2025.