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.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.