Bayswater Medical Centre 75% Pre-Leased Prior To Completion

One of Victoria’s most exciting healthcare hubs is now just 4 weeks from practical completion and has reached a substantial milestone of 75% pre commitment from it’s inbound tenants.

Having been leased by CBRE’s Healthcare and Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani Muto, the project known as Knox Health will feature end users including Endoscopy, Day surgery (day hospital), GP/Medical Centre, Pharmacy, Radiology and more.

Located at 538 Mountain Highway, Bayswater the subject property will feature near 4,500sqm of combined building area spread across two buildings and includes three operating theatres.

The most recent pre-commitments include ASX Listed Capital Radiology with 51 existing locations across Australia, Direct Chemist Outlet (76 locations) and Direct Endoscopy Day Hospital Group who feature 5 Melbourne locations.

Sandro Peluso said “This is an incredibly exciting project that will service the entire community from end to end and add to what is already one of the nations most substantial healthcare hubs.”

“The property is located only metres to the Knox Private Hospital which is the largest private hospitals in Eastern Victoria in addition to Wantirna Health so almost all services required can be accessed within walking distance.” Peluso added

Jimmy Tat said “With all anchor tenants now in place we are anticipating the medical centre being close to 100% occupancy come practical completion with the balance of space likely to be filled by dentists and other specialists and allied health users. There is already substantial demand for consulting suites at both the hospital and it’s surrounding clinics so the property presents the opportunity for some additional space in brand new and world class facilities.

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About Warwick Petschack

Warwick has over 25 years of property investment and management experience. Principally responsible as Managing Director for Capital Management Australia and Joint Managing Director for Chauvel Capital Partners and Editor of Australian Property Markets News.

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