Melbourne

Renowned surgeon to sell Caulfield medical investment

A freehold medical investment owned by renowned Australian neurosurgeon, spinal surgeon and researcher, Professor Richard Bittar, has been listed for sale by CBRE.

03 May 2018

A freehold medical investment owned by renowned Australian neurosurgeon, spinal surgeon and researcher, Professor Richard Bittar, has been listed for sale by CBRE.

73 Kooyong Road in Caulfield features 664sqm over three levels and is fully leased to Precision Brain, Spine and Pain Centre on a brand new 10-year lease. It sits on a 503sqm site with on-site car parking and ambulance bay next to Memorial park in the heart of Caulfield.

The Victorian Health, Aged and Child Care team of Bianca Butterworth, Josh Twelftree, Kinson Wong and Sandro Peluso are selling the property on behalf of Professor Bittar whose fields of expertise include complex and keyhole spinal surgery, surgery for brain tumors and deep brain stimulation. He also established the first and largest contemporary Psychosurgery program in Australia. Professor Bittar will continue to practice at the centre.

Ms Butterworth said the property is located in a highly desirable commercial zone 1, with city views from the upper levels.

“This is an irreplaceable 503sqm landholding only 7.5kms from the Melbourne CBD. The property offers a wonderful opportunity for investors and if willing to hold over time, wonderful city views from the upper levels suggesting the potential to further develop in the future (STCA),” Ms Butterworth said.

The property will go to auction on Wednesday 2nd May 2018.
 
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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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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.