One West Family Medical Centre property and business sold by CBRE Australian Healthcare & Social Infrastructure team of Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat.

Located at 1 Furlong Road, Cairnlea, the subject property is one of the most popular medical clinics in Melbourne’s West occupying the corner of Furlong Road and Station street.

The opportunity which was transacted by CBRE’s Australian Healthcare & Social Infrastructure team of Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat saw both the building and business transact for a combined figure exceeding $2,000,000.

Marcello Caspani-Muto said “The property itself is one of the newest and most imposing in Melbourne’s West. For a clinic that was only first established in 2017 the patient base at present is substantial and significant upside still remains.”

“The business transacted at an EBITDA multiple exceeding 5x which is an incredibly strong result though also a figure the represents a premium associated with the upside of the business. There is additional space remaining upstairs for conversion into further consulting rooms or even a dental space with the inclusion of a lift.”

Sandro Peluso said “Healthcare related property has gone from strength to strength over the past two years in particular and the incoming purchaser has secured an incredibly rare piece of real estate that will be incredibly sought after by the market into the long-term. Couple this with an established business with 3+ GP’s and it’s no surprise we saw three groups competing for the property right until the very end.”

1 Furlong Road, Cairnlea features an existing medical permit for 3 practitioners in addition to 11 on-site parking space and was constructed in 2017. 

To request a sales analysis please email either of the selling agents from the CBRE Australian Healthcare & Social Infrastructure team of Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat via the below contact details.

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