Mont Albert Medical Centre, 201 Union Road, Surrey Hills, VIC, 3127

JLL is proud to exclusively present for sale Mont Albert Medical Centre, a well-established single-level medical centre strategically positioned on a prominent corner site in one of Melbourne's most prestigious eastern suburbs.

Offered for sale for the first time in 71 years, Mont Albert Medical Centre a rare opportunity to acquire a freestanding healthcare asset with exceptional provenance, comprising a highly regarded medical practice that has been serving the local community for over 100 years. This compelling investment opportunity provides access to an essential healthcare asset that is underwritten by a newly renewed 5-year lease to ForHealth, one of Australia's largest medical and healthcare providers operating over 95 locations nationally.

Key highlights of this investment include:

• Established medical centre with over 100 years of operational history
• 100% leased to national operator ForHealth, one of Australia’s largest medical and healthcare providers with over 95 locations across Australia
• Recently renewed 5-year lease with options until 2041
• Commencing rent of $150,781 per annum* + GST and Outgoings
• Favourable annual 3.5% fixed increases
• Single level centre with significant recent refurbishment completed by tenant
• Large underlying corner landholding of 1,143sqm* in Melbourne’s prized eastern suburb, Surrey Hills, which comprises a median house price of $2,201,000**
• High exposure position with over 68 metres* of frontages to both Union and Mont Albert Roads
• Ideally positioned within a renowned medical precinct, located just 1.8km* from Box Hill Hospital, Eastern Health's largest acute facility, providing strong cross-referral benefits and an established patient catchment
• Well-positioned to capitalise on the ageing demographic profile of the immediate area, with 40.1% of the Surrey Hills population aged over 50 years, up from 35.6% in the 2016 census, placing continued pressure on local medical and aged care facilities and driving rising demand for healthcare services

*approx.

**realestate.com.au May-25 – Apr-26

^forecast.id

Mont Albert Medical Centre is for sale Expressions of Interest (EOI) closing Thursday 25 June at 2:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.