32-34 Riddell Road, Wantirna South, Vic 3152

This is a rare opportunity to acquire a large land holding with an existing freehold medical facility.

 It is hard to find in a very tightly held pocket of Melbourne's East, for sale by way of on-site auction May 16th at 1pm. 

• Desirable corner position circa 2,090m2*
• Two entry options 
• Operational for 40+ years
• Hard to find Neighbourhood Residential Zone (NRZ)
• Multiple uses for the site (STCA)
• Offered with Vacant Possession
• Building Area 370sqm*
• Car Parking for 23 cars + doctor parking at front
• Extremely hard to find in this precinct

The centre has enjoyed nearly continuous Allied Health & General Practice occupation for over 40 years. A versatile offering underpinned by a strong landholding on the boundary of Glen Waverley, Knox, Scoresby and Wantirna. 

Should a reposition of the property be on the agenda, the local market conditions appear strong, according to Realestate.com, with the average house price in Wantirna South increasing by 14.8% in the last 12 months (to April 2024) and now sitting at $1,310,000

Centres like this are supported by the local demographic, with spaces becoming harder and harder to find. Undoubtedly, this is a significant 'warm start' for any buyer.

The property is basically walking distance to Westfield Knox/ Burwood Highway and a straight 3km to Eastlink. An opportunity for owner occupiers and astute investors or even developers - this is one with so many exit strategies it cannot be overlooked.

Call the exclusive team at RWC for more information or an inspection!

Ryan Trickey at 0400 380 438 or Will Jonas at 0422 883 011

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