This exceptional investment opportunity comprises two freehold titles, two standalone buildings, and three established medical tenants.
Anchored by a long-standing GP practice operating at 83 Waltham Road since 2009, the property offers nearly 8 years of secure income remaining on that lease, expiring in 2033. A dentist and physiotherapist also occupy the site, contributing to a robust Weighted Average Lease Term (WALT) of 6 years.
Positioned on a prominent corner site, the property is 1,981sqm of Medium Density Residential-zoned land, offering both strong income and future development potential. With increasing residential infill in the surrounding area and central city, demand for accessible healthcare services is expected to remain high.
For forward-thinking investors, the dual-title configuration and zoning present, the other compelling opportunity is for residential redevelopment once leases conclude, unlocking long-term capital growth.
Investment Highlights
•Annual Net Rental: $170,325 + operating expenses
•Rent Reviews: CPI and market
•Land Area: 1,981sqm
•Zoning: Medium Density Residential
•WALT: 6 years
Contact us today to secure this high-performing, future-ready investment.
Deadline Private Treaty: 5pm Thursday 20 November 2025 (unless sold prior)
