Sold $854,000
403&405 Princes Highway,4 Springwood Ave, NARRE WARREN VIC 3805


If location is what you are looking for than you can’t go past this. It offers an investment opportunity within the Activity Centre Zone giving endless possibilities for this site (S.T.C.A). It is located directly opposite Westfield Fountain Gate Shopping Centre and Bunjil Place which includes Council Offices, Library, Art Centre, Function rooms and entertainment Theatre.

Currently this site is used for medical clinic and business which has been very stable for over 30 years. The premises consist of 2 buildings – one of the buildings is leased out to Allied health, the other building is occupied by medical clinic.

Investment Highlights (Business)
• Steady business, patient numbers, and revenues of over fifteen years.
• The Owner has identified tangible opportunities for revenue growth.
• Excellent location with easy access by public transport
• Strong financial performance

Investment Highlights (Land/Property)
• This block of land is part of Activity Centre Zone, which allows for multiple townhouses, apartments up to 16.8m high or Commercial development (S.T.C.A).
• Expensive corner site of 2,140 sqm (approx).
• Prominent double street and major road (Princes Highway) frontage.
• Access to the Monash Freeway and public transport.
• Situated in one of Melbourne’s fastest expanding growth corridors.
• Directly opposite Westfield Fountain Gate Shopping Centre and Bunjil Place, meters from the Narre Warren Train Station.

Flexibility in the Purchasing Process
It is important to the Seller that the Practice’s legacy for high quality care is maintained and that the new owner enjoys a successful transition. As such, the Seller:
• Will assist the Buyer during the early stages of practice hand over
• Is willing to remain as a contracted associate doctor on negotiated terms for a reasonable period if required

This is a wonderful opportunity for an investor or owner/occupier to develop a lasting presence in a rapidly growing area.


General Features

  • Property Type: Land/Development
  • Land area: 2140 m²