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169 & 171 Stud Road, Wantirna South, Vic 3152

169 & 171 Stud Road, Wantirna South, Vic 3152

Medical/Consulting Offices Other

  • Sold Contact Agent
  • Thu 05-Nov-20

  • Land Area
  • 1560.00 m² (approx)
  • Floor Area
  • 1,630 m²
  • Tenure Type
  • Vacant Possession
  • Building
  • Partial
  • Last Updated
  • Sep 03, 2021

Interested in this property? Contact an Agent today

CBRE - Melbourne

Level 34, 8 Exhibition Street

Melbourne Vic 3000

Sandro Peluso, CBRE - Melbourne
Sandro Peluso

DOMINANT FREESTANDING MULTI-LEVEL HEALTHCARE INVESTMENT WITH RARE PERMIT ALLOWING UNLIMITED PRACTITIONERS

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 169 & 171 Stud Road, Wantirna South – Corner freestanding multi-level healthcare investment with significant rent reversion, bolstered by a rare medical permit.

+ Blue-chip healthcare investment with imposing & highly valuable existing improvements across four (4) storeys and connected via air bridge allowing seamless cross flow demand between tenancies


+ Current passing income of $220,000p.a* + GST diversified across multiple tenancies including, Eastern Dental group, Knox Health & Sport Clinic, Wantirna Osteopathy, Action Rehab, Melbourne Lymphedema and more

+ Significant rent reversion potential with a highly valuable and rarely seen uncapped medical permit with potential fully let income of $450,000p.a* + GST

+ Substantial underlying landholding of 1,560sqm*, favourably zoned Residential Growth and subject to no overlays

+ Dominant exposure across multiple frontages to Stud & Moonah Roads (48m* combined) plus 34 on-site car parks

+ Highly desirable location, close to public transport, Knox Grammar School and allowing outstanding access

169 & 171 Stud Road, Wantirna South, Vic 3152

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