Suites 1 2 6 and 7 529 Police Rd Mulgrave, 529 Police Road, Mulgrave, Vic 3170

JLL is pleased to offer for sale the Healthe Care Collection at 529 Police Road, Mulgrave, comprising four medical suites all leased to healthe care and strategically positioned directly opposite Mulgrave Private Hospital.
 
The asset offers an affordable investment opportunity that is underpinned by a top-tier tenant covenant that is rarely offered to the market.
 


Key highlights of this investment include:
•Current rent of $226,354 per annum^
•Long-term leases with options until 2032
•Highly desirable annual review structure with fixed 5% increases
•Four ground level units comprising a total area of 380sqm*
•Strategic and unrepeatable position directly opposite Healthe Care operated Mulgrave Private Hospital with 242 registered beds
•Dan Valley Heights Medical Suites comprise 14 well-designed suites ideally catering to medical operators, with high-profile operators such as Sonic Healthcare, Healthe Care and Dorevitch all located within the development
•Value-add opportunity with unit amalgamation unlocking the underlying 4,807sqm* landholding with dual frontages opposite a major private hospital.
•High exposure location with dual frontages including prominent Police Road presence, offering easy and convenient patient and staff access
•Ideally located just 1.8km* from Waverley Gardens Shopping Centre and just moments from both Eastlink and the Monash Freeway, offering excellent connectivity to surrounding suburbs.
•Rising utilisation of healthcare services due to increased government funding which is focused on making healthcare more affordable and accessible, coupled with the surging local population seeing strong demand for local services
 
*Approx.
^ Excluding GST and Outgoings
 
The Healthe Care Collection is for sale via an Expressions of Interest (EOI) campaign closing Thursday 12th June 2025 at 2:00pm (AEST) unless sold prior.
 
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
 
Mark Stafford
M: +61 404 401 053
E: [email protected] 
 
Thomas Thorsen
M: +61 488 444 022
E: [email protected]