Mont Albert Medical Centre

201 Union Road, Surrey Hills, VIC, 3127, AU

Description

JLL is proud to exclusively present for sale Mont Albert Medical Centre, a well-established single-level medical centre strategically positioned on a prominent corner site in one of Melbourne's most prestigious eastern suburbs.

Offered for sale for the first time in 71 years, Mont Albert Medical Centre a rare opportunity to acquire a freestanding healthcare asset with exceptional provenance, comprising a highly regarded medical practice that has been serving the local community for over 100 years. This compelling investment opportunity provides access to an essential healthcare asset that is underwritten by a newly renewed 5-year lease to ForHealth, one of Australia's largest medical and healthcare providers operating over 95 locations nationally.

Mont Albert Medical Centre is for sale Expressions of Interest (EOI) closing Thursday 18 June at 2:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.

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Attributes

Occupancy

100%

Land area gross

12,303 sf

Building area net

2,906 sf

Call for offers

06/17/2026

Media

Investment highlights

Key highlights of this investment include:

• Established medical centre with over 100 years of operational history

• 100% leased to national operator ForHealth, one of Australia’s largest medical and healthcare providers with over 95 locations across Australia

• Recently renewed 5-year lease with options until 2041

• Commencing rent of $150,781 per annum* + GST and Outgoings

• Favourable annual 3.5% fixed increases

• Single level centre with significant recent refurbishment completed by tenant

• Large underlying corner landholding of 1,143sqm* in Melbourne’s prized eastern suburb, Surrey Hills, which comprises a median house price of $2,201,000**

• High exposure position with over 68 metres* of frontages to both Union and Mont Albert Roads

• Ideally positioned within a renowned medical precinct, located just 1.8km* from Box Hill Hospital, Eastern Health's largest acute facility, providing strong cross-referral benefits and an established patient catchment

• Well-positioned to capitalise on the ageing demographic profile of the immediate area, with 40.1% of the Surrey Hills population aged over 50 years, up from 35.6% in the 2016 census, placing continued pressure on local medical and aged care facilities and driving rising demand for healthcare services

*approx.

**realestate.com.au May-25 – Apr-26

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