Greensborough Medical Centre has been listed for sale offering a premium healthcare investment with future development potential.  

Located at 9-13 Flintoff Street, the property is leased to Healius with circa nine years remaining and multiple options beyond this. The property features ASX listed and private equity owned powerhouse operators including For Health (owned by BGH Capital), Lumus Radiology, Dorevitch Pathology and Adora Fertility (owned by Liverpool Partners).

CBRE’s Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang are managing the Expressions of Interest campaign. The team also managed the sales of Manningham Medical Centre (VIC) in 2023 and Corrimal Medical Centre (NSW) in 2024.

Mr Peluso said while the asset is a premium healthcare investment the site has significant development potential.

“The property is activity centre zoned and sits within Greensborough’s core infrastructure precinct, immediately adjacent to the new train station,” Mr Peluso said.

“Existing approvals and independent planning advice indicate a potential built form of up to seven levels for the site. Multiple high-density projects are planned in the vicinity of the property so by the time it finishes operating as a medical centre, anytime in the next nine to 33 years, the value of the land alone will have increased significantly.”

Mr Caspani-Muto added the primary healthcare centre was expected to attract significant interest, particularly from high-net-worth private investors.  

“The strength of the healthcare sector and structure of this clinic broadly ticks all the boxes typically provided to us by sophisticated high net worth private investors, so we expect a mixture of interest from these parties in addition to syndicated capital during the campaign,” he said. 

The building was fully converted and renovated changing its use from office to healthcare in 2017/2018. The property has a land area of 2,448 sqm zoned activity centre and passing income of $2,234,123 p.a.

The Expressions of Interest Campaign closes on Friday November 1.

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