INFORMATION MEMORANDUM 141 WARRIGAL ROAD, HUGHESDALE.
HEAD OFFICE 18-20 Russell Street Melbourne
SOUTHERN OFFICE 1/136 Keys Road Cheltenham
EASTERN OFFICE 2/5 Corporate Boulevard Bayswater
WESTERN OFFICE 3B/36 Hume Road Laverton
As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
Information Memorandum
Content
2
CONTENT
01. Point of Interest 02. Point of View 03. Property Features 04. Tenancy Schedule 05. Property Particulars 06. Location 07. Currently on the Market 08. Sales Process 09. Appendices Floor Plan
Information Memorandum
Content
3
Information Memorandum
Point of Interest
4
POINT OF INTEREST
Good medical investments have a pulse. Great ones sit on Warrigal Road, serve the surrounding neighbourhood, and collect income from multiple operators while the exposure does its daily rounds. At 141 Warrigal Road, visibility, healthcare demand, and $170,000 per annum all present in very good health.
165 sqm*
697 sqm*
$170,000 p.a
Total floor area.
Total land area.
Current income.
Fully Leased Medical Centre
10 on-Title Car Spaces
Comfortable
40,000* Passing Cars Daily
Housing Choice And Transport Zone
Information Memorandum
Point of Interest
Heating and cooling throughout.
5
POINT OF VIEW Medical property works best when it sits close to the people who need it. Here, the surrounding Hughesdale homes provide the catchment, while Warrigal Road provides the daily reminder.
Information Memorandum
Point of View
6
Jordan Carroll | 0467 628 951 jordan.carroll@cva.melbourne
Tim Cooney | 0468 860 737 tim.cooney@cva.melbourne
“What sets this asset apart is how visible the income feels. Warrigal Road puts the property in daily circulation, while the surrounding Hughesdale homes give the medical use a logical local catchment.”
“Medical investments tend to perform best when the income is already in place, and the location is doing its own marketing. Here, multiple consulting room operators give buyers a healthy income position from day one.”
Some things about real estate can’t be taught — like innovative marketing tactics, effortless relationship building, and unwavering ethical standards — and Jordan has naturally brought all of these to the table. Passionate. Principled. Charismatic. His personable and genuine nature will see your trust in him stay sky-high, while your needs and ambitions get the same treatment at the top of his priority list. Jordan’s deep commitment to excellence and continuous improvement underpins his every move, making your next one in the market the strongest so far.
After five years spent working in commercial real estate in London, Tim is home in 2021. Melbourne-born and bred with more than 5 years of experience locally, there aren’t many who are better suited to this business. Diligent. Proactive. An honest communicator. Tim knows it’s in the face-to-face where deals are won and lost for all parties. Because of this, he takes great care in building rapport and learning the long-term strategy of his clients to enable the best advice not just short-term, but for life.
Information Memorandum
Point of View
7
PROPERTY FEATURES IMPROVEMENTS
The physical asset is compact, visible, and already working the way a medical investment should. Set on 697 sqm* of land with a 165 sqm* floor area, the residential-turned-commercial freehold has been configured into multiple consulting rooms, giving the property a practical healthcare layout servicing the postcode. The premises includes heating and cooling throughout, a disability-compliant bathroom and 10 on-title car parks, providing a practical daily advantage for tenants, patients and visitors alike. Zoned Housing Choice and Transport Zone – Schedule 2, the property also offers buyers flexibility and potential for future use or development. The tenancy profile is equally sensible. Each room is leased to a separate operator, collectively achieving $170,000 per annum, with specific tenancy details on the next page. Retain the income, occupy part or all of the premises later, or hold a well-exposed medical freehold where the visibility is practically on night shift.
Information Memorandum
Property Features
8
PROPERTY FEATURES IMPROVEMENTS
Information Memorandum
Property Features
9
PROPERTY FEATURES IMPROVEMENTS
Information Memorandum
Property Features
10
PROPERTY FEATURES IMPROVEMENTS
Information Memorandum
Property Features
11
TENANCY SCHEDULE
TENANCY SCHEDULE UNIT 1 (Clinical Labs) 2 (Psychology) 3 (Dietitian) 4 (Physiotherapist) 5 (A. Lolatgis) TOTAL
Information Memorandum
ANNUAL RENTAL (PA)
AREA/ROOMS USED
$110,000
Rear pathology room
$12,000
Room 1 on Saturdays; other rooms if required when free
$6,000
Room 3
$2,000
Room 4 on Mondays
$60,000
Rooms 1 and 2; Room 4 when associate doctors are working
$190,000
[Section]
12
PROPERTY PARTICULARS
Principle Outgoings
Site Details
Title particulars
Council rates
TBC
Water rates
TBC
Owners corporation
TBC
Land tax
TBC
Floor Area
165
Total site area
697 sqm*
Certificate of Title — Volume 6083 Folio 445 Lot 7 LP9156
Zoning
General Residential Zone (GRZ)
Planning Overlays
Housing Choice And Transport Zone - Schedule 2 (HCTZ2)
Municipality
City of Monash
Information Memorandum
Property Particulars
13
LOCATION
All signs point to: Warrigal Road. For a suburb with a quiet residential rhythm, Hughesdale lets Warrigal Road do most of the talking. Sitting where daily arterial movement meets a dense suburban catchment, this pocket gives medical property the two things it needs most: people nearby, and a very obvious way to be found. Neighbourhood need. Medical uses make more sense when they sit close to the homes they service. Here, the surrounding Hughesdale residential pocket gives the property a natural local catchment, making the address feel more like part of the neighbourhood routine. Exposure on repeat. Warrigal Road keeps the property in front of passing traffic all day, in both directions. Commuters are heading to Oakleigh Central, the postcode’s busiest errands centre, or the train station servicing the Cranbourne and Pakenham lines. They could also be heading south towards the peninsula, or make a right on North Road to the beach. Oakleigh within reach. Technically Hughesdale, borderline Oakleigh. This means you’re also down the road from Bunnings and The Links shopping centre beyond Oakleigh Central, plus the Huntingdale and Metropolitan golf clubs. Roads that do the rounds. With Dandenong Road 1.2 km* away and the Dingley Bypass a quick 3.8 km*, this position connects easily into the broader south-eastern network. Whether patients are arriving locally, tenants are managing appointments, or future occupiers are thinking bigger picture, the access is exactly where it needs to be.
AND THE POINT? A medical investment is only as strong as the market around it. Hughesdale supplies the homes, Oakleigh supplies the convenience, and Warrigal Road supplies the daily reminder — no referral required.
Information Memorandum
14
LOCATION
All signs point to: Hughesdale. Hughesdale has always worked best as a connector suburb: residential enough to feel local, close enough to Oakleigh and the broader southeastern corridor to stay commercially useful. The suburb’s demographic profile gives the medical-use story backbone. Hughesdale recorded 7,563 residents at the 2021 Census, with a median household income of $2,057, while 43.3% of residents aged 15 years and over held a Bachelor’s degree or higher. Professionals made up 34.1% of employed residents, and hospitals were the suburb’s top recorded employment industry — a useful signal for a healthcare-linked investment.
occupancy logic, and the kind of local service demand that does not need to be manufactured. Commercially, Hughesdale’s trajectory is becoming more deliberate. State activity-centre planning points to a more vibrant local hub, higher-density living, greater pedestrian activity, and a builtform transition from the commercial core into the surrounding suburb. For 141 Warrigal Road, the opportunity is clean: a medical freehold with income already in place, positioned where residential catchment, transport-oriented growth and Warrigal Road exposure all line up.
Residential values reinforce the quality of that catchment. Hughesdale’s median house price over the past year sits at $1,646,000, with units at $715,000, while houses rent for a median of $700 per week and units for $600 per week. It is a suburb with established household wealth, strong
Information Memorandum
Location
15
SALES PROCESS PRIVATE SALE
Private Sale Process At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process. To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer. 1. Submitting Offers Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration. 2. Review Process Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received. 3. Contract and Settlement Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor. We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.
For more information, contact
Jordan Carroll
Tim Cooney
0467 628 951 jordan.carroll@cva.melbourne
0468 860 737 tim.cooney@cva.melbourne
Information Memorandum
Sales Process
16
APPENDICES FLOORPLAN
Information Memorandum
Appendices
17
APPENDICES PERMIT
Information Memorandum
Appendices
18
APPENDICES PERMIT
Information Memorandum
Appendices
19
APPENDICES PERMIT
Information Memorandum
Appendices
20
APPENDICES PERMIT
Information Memorandum
Appendices
21
APPENDICES PERMIT
Information Memorandum
Appendices
22
APPENDICES PERMIT
Information Memorandum
Appendices
23
APPENDICES TITLE
Information Memorandum
Appendices
24
HEAD OFFICE 18-20 Russell Street Melbourne
EASTERN OFFICE 2/5 Corporate Boulevard Bayswater
SOUTHERN OFFICE 1/136 Keys Road Cheltenham
WESTERN OFFICE 3B/36 Hume Road Laverton North
DISCLAIMER: THIS REPORT HAS BEEN COMPILED ON THE BASIS OF INFORMATION AVAILABLE. THOUGH EFFORTS HAVE BEEN MADE TO VERIFY OR ESTABLISH THE ACCURACY OF THE MATERIAL, IT IS NOT POSSIBLE TO WARRANT THAT IT IS ACCURATE. SOME PREDICTIONS ARE ESTIMATES ONLY AND NECESSARILY BASED ON ASSUMPTIONS WHICH MAY NOT OCCUR. ALL PARTIES SHOULD MAKE THEIR OWN INDEPENDENT ENQUIRIES WITH REGARD TO ALL THE INFORMATION CONTAINED IN THIS REPORT. THE REPORT IS INTENDED TO BE GENERAL INFORMATION ONLY AND WILL NOT FORM PART OF ANY CONTRACT NOR IS IT TO BE TAKEN AS ANY FORM OF ANY REPRESENTATION, WARRANTY OR INDUCEMENT. THE AGENTS AND REPRESENTATIVES DO NOT ACCEPT ANY RESPONSIBILITY FOR AND WILL NOT BE LIABLE IN RESPECT OF ANY OF THE CONTENTS OF THIS REPORT. *APPROXIMATELY