242-244 Springvale Road, Glen Waverley, VIC, 3150

Central Glen Waverley rarely offers a landholding of this size, and almost never one that comes with secure, rising income from an established medical operator. This 1,503 sqm* corner freehold sits directly opposite the transformed The Glen and combines a blue-chip location, a 30-year tenant and real long-term upside. Opportunities like this come up once in a generation, and serious buyers will move quickly.

The Investment

• Anchored by Glen Waverley Medical Centre, a local institution with more than 30 years of continuous operation and one of the largest medical practices in the area

• Net income of $315,862 pa + GST*

• Fixed 4% annual rent increases

• Net lease, with the tenant paying all standard outgoings

• Current term runs to April 2027, with a further 5-year option taking occupancy through to 2032

• Very well maintained two-level medical facility with 12 consulting rooms and minor surgery capability

The Land

• Total land area of 1,503 sqm*, one of the largest parcels in central Glen Waverley

• Prominent AAA corner site with a 40 m main road frontage

• 22 on-site car spaces

• General Residential Zone (GRZ), with potential for future redevelopment or additional levels (STCA)

The Location

• Directly opposite The Glen, the recently redeveloped regional shopping centre valued at approximately $490 million

• Next to the landmark $450 million multi-tower Sky Garden residential precinct

• Around 55,000 vehicles pass the site every day, giving the property outstanding exposure

Blue-chip land, a proven tenant and built-in growth rarely come together like this.

For the information memorandum or to arrange a private inspection, contact the exclusive selling agent:

Will Jonas - 0422 883 011

OR

Ryan Trickey - 0400 380 438

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to ensure all information is correct, but this does not constitute any representation by the Vendor or Agents.

STCA: subject to council approval.

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