460 Brunswick Street, Fitzroy North
A landmark medical investment on a large landholding is on the market, in one of the best commercial property offerings across Melbourne’s inner north for 2026.
Fitzroys’ Chris Kombi, Chris James and Ben Liu are marketing 460 Brunswick Street, Fitzroy North on behalf of a private investor.
Price expectations are of $3.7 million and above.
Positioned on a commanding triple fronted corner just 2km north of the Melbourne CBD, the property comprises a renovated two-level building with nine consulting rooms and is offered with a new 5+5+5-year lease to busy long-standing medical and allied health practice Fitzroy North Medical Clinic, returning $221,598 per annum plus GST.
The valuable landholding spans 624sqm, including 12 on-site car parks, and boasts over 60 metres of frontage to Brunswick Street, Queens Parade and Alexandra Parade, There is a redevelopment clause in the lease providing future flexibility, and Mixed Use zoning encourages high-density development (STCA).
The property is offered with the opportunity to purchase 8 Queens Parade next door, which would increase the land area to 764sqm.
“This high-profile freehold presents an incredibly rare opportunity to secure a land-rich medical asset, underpinned by a renewed lease and secure income from a proven tenant and with future upside given the significant landholding and favourable Mixed Use zoning,” Kombi said.
“It’s an exceptional opportunity for investors, land-bankers and future developers.”
James said medical assets have proven to be remarkably resilient in recent years.
“Investors will note the secure lease to a quality tenant, and high exposure and high accessibility of the location that contributes to busy activity across seven days a week of operation.”
“Land bankers and future developers will be attracted to the size of the inner-city property and its outstanding gateway location to the vibrant Brunswick Street and Queens Parade commercial precincts.
Liu said, “It’s a chance to deliver a signature development in the prized inner north. Melburnians increasingly want to live, work and play in highly connected locations with quality lifestyle offerings.
“Brunswick Street is one of Melbourne’s most popular hospitality and entertainment precincts, easily accessible via trams and major arterial roads that also provide access to the CBD and surrounding suburbs.”
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