86-88 Riddle Road

About this home

1,168 SQM LANDHOLDING | APPROVED MEDICAL CENTRE | TENANTED INVESTMENT | MOTIVATED VENDOR

An exceptional opportunity to secure a substantial 1,168 sqm landholding with an approved planning permit for a purpose-built medical centre, positioned in a prominent and highly accessible Sunbury location.

NOW SOLD WITH A SECURED TENANT – GENERATING $2,542 PER CALENDAR MONTH!

The property is currently leased under a 12-month tenancy agreement, providing an immediate rental income stream of approximately $30,504 per annum while the purchaser considers their future development plans.

The approved medical centre development offers approximately 612 sqm of proposed medical accommodation, comprising a modern two-level facility with multiple consulting rooms, flexible tenancy areas, reception and waiting areas, lift access, provision for a dispensary/pharmacy and approximately 20 on-site car spaces.

This is a rare opportunity to acquire a property that combines immediate rental income, substantial landholding and approved medical development potential.

APPROVED MEDICAL CENTRE HIGHLIGHTS

Approved planning permit for a purpose-built medical centre

Substantial 1,168 sqm landholding*

Approximately 612 sqm proposed medical accommodation*

Modern two-level medical facility

Multiple consulting rooms and flexible tenancy areas

Ground-floor reception and patient waiting area

Provision for dispensary/pharmacy space

Six consulting rooms on the first floor

Dedicated first-floor waiting area

Lift access between levels

Approximately 20 on-site car spaces

Prominent Riddell Road location with excellent accessibility

SECURED RENTAL INCOME – INVEST NOW, DEVELOP LATER

Unlike vacant development sites that generate no holding income, this property offers the advantage of an existing tenancy.

Current Tenancy Details:

Lease Term: 12 months

Monthly Rental Income: $2,542

Annual Rental Income: $30,504

Occupancy: Currently tenanted

Investment Advantage: Immediate rental income while planning for future development

The existing tenancy provides an attractive holding-income opportunity for investors, developers and medical operators who may wish to secure the site now and undertake the approved development at a later stage, subject to the tenancy arrangements and relevant approvals.

EXISTING RESIDENCE – SUBSTANTIAL ACCOMMODATION

The existing improvements comprise a spacious five-bedroom family residence together with a separate self-contained one-bedroom unit.

Main Residence Features:

Five generously sized bedrooms

Master bedroom with walk-in robe and ensuite

Central family bathroom with separate toilet

Well-appointed kitchen with ample storage, freestanding gas cooktop, rangehood and dishwasher

Spacious open-plan living and meals area

Separate formal dining room

Additional rumpus room

Laundry with storage

Outdoor entertaining deck

Established gardens and vegetable boxes

Ducted heating

Separate One-Bedroom Unit:

Bedroom with built-in robe and ensuite

Functional kitchen with ample cupboard space

Living and meals area

Split-system heating and cooling

Flexible accommodation or home office potential, subject to applicable requirements

STRATEGIC SUNBURY LOCATION

Conveniently positioned close to Clarke Oval Reserve, public transport, schools, shopping facilities and Sunbury Township, this property combines an established residential setting with a significant future healthcare development opportunity.

With ongoing residential growth and demand for local services in the broader Sunbury region, the approved medical centre concept presents an attractive opportunity for medical practitioners, healthcare operators, developers and investors.

MOTIVATED VENDOR – REASONABLE OFFERS INVITED!

THE OWNER IS KEEN TO SELL AND WILL CONSIDER ALL REASONABLE OFFERS.

Whether you are an investor seeking immediate rental income, a medical operator planning a future healthcare facility, or a developer looking for an approved project, this property deserves your serious consideration.

With an existing tenant in place, approved medical centre plans and a substantial landholding, this is an opportunity to secure a versatile property with both current income and future potential.

Disclaimer: All areas, dimensions and measurements are approximate. Rental income is based on the stated current monthly rent and is not a guarantee of future returns. The property is offered subject to the existing tenancy. Development remains subject to the terms and validity of the planning permit, relevant approvals and applicable regulations. Prospective purchasers should undertake their own independent due diligence, including verification of tenancy arrangements, planning approvals and property particulars.

Features

Floorplan

Location

Mortgage estimate