Rare Prime Positioned Healthcare Opportunity Up For Lease In the Affluent City of Stonnington

4 March 2023

A modern spectacularly positioned medical centre located at 30-32 Glenferrie Road, Malvern hits the public healthcare leasing market. Across two floors, this dominant medical centre features existing operating theatre, recovery bay, offices, consulting rooms, treatment rooms and all modern staff amenities suitable for a wide range of medical use. The rear of the building features an astonishing 16 on-site parking spots with disability access.

The medical centre is being marketed by CBRE Australian Healthcare & Social Infrastructures Sandro Peluso and Kai Wang via an expressions of interest campaign and is expected to attract operators across all fields in Australia.

“The building is fully fitted with existing operating theatre and recovery facilities. Furthermore, state of the art 3 phase power and reticulated scavenge, oxygen, nitrous oxide and 400kpa air, high level power backup and multiple suction points are also embedded. With the construction cost increasing a substantial 12.3% over 2022, existing high grade medical facilities are receiving significant interests.” Sandro Peluso Said

“Victoria’s latest health performance data showed an average wait time for non-urgent patient was 421 days, upped from 268 days a year ago. The increasing wait time is very concerning, which further add to the value of buildings which can accommodate for surgical use.” He added

Located Approx. 7km South-east of the Melbourne CBD, Malvern is one of the most affluent suburbs within the City of Stonnington. Benefitting from high median weekly family income of $3,299 compared to the Victoria Average of $2,136. With multitude of public transport and retail facilities right next door, such as Malvern Railway Station(40metres), Malvern Central Shopping Centre(30metre), High Street Armadale Shopping Strip(500Metres) and more.

“It is rare for a medical centre to be positioned within a retail precinct. With over 65,000 Cars passing through the high traffic Glenferrie Road daily, along with the prominent 14 meter frontage facing opposite of the Malvern Central Shopping Centre car park exit, the new operator will receive significant attention from day one.” Kai Wang Said

“Adding to the locational appeal is the Cabrini Malvern hospital situated only 200 metres away, a 508-bed acute care hospital offering a wide range of services including coronary care, day procedures, day oncology, emergency care, hospital in the home, intensive care, maternity, paediatric (children’s) care, medical imaging, and pathology.” He added.