As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
Currently on the Market
POINT OF INTEREST
Private Sale by Closing Date: Thursday 25th June 2026 at 3PM
Positioned within a thriving Merri-bek precinct, this versatile two-level offering presents an outstanding opportunity to invest or occupy, with street exposure and excellent connectivity. The property comprises two tenancies including a well-established ground floor chemist, and a first-floor medical clinic. Benefiting from prominent street frontage, strong daily foot traffic, rear access and excellent on-site car parking, the asset is ideally located opposite a playground and café, moments from Merlyn Street cafés, the local shopping village, Bain Reserve and Merlynston Station.
- 360-733 sqm* of total building area.
- Passing income of $447,238 p.a. + GST and outgoings*.
- Opportunity to occupy and/or invest.
- Ample common parking on site.
- Commercial 1 zoning.
- 100 m* from Merlynston Train Station.
- 2 km* to Bunnings Coburg.
- 19.7m* street frontage.
- Long-standing history in the healthcare and pharmacy space, with over 100 years of established service
Ground Floor:
- 360 sqm* building area.
- $22,711.67* + GST and outgoings in monthly income.
First Floor:
- 373 sqm* building area.
- Five (5) year lease with 4 x further terms of five (5) years.
- New term commenced 31st January 2026.
- $199,474 p.a.* + GST and outgoings as of July 1st 2026. Total building area.
733 sqm 8 Mixed use income Commercial 1 Zone
Ground-floor chemist with medical suites and offices.
2 km* Healthcare
To Bunnings Coburg.
Whether you are an investor seeking a diversified income stream or an owner-occupier looking to secure a prominent foothold within a tightly held precinct, this substantial freehold offers scale, flexibility and long-term upside in one of Merri-bek’s most connected community hubs.
Luca Angelico | 0447 772 782 luca.angelico@cva.melbourne
“Properties offering secure healthcare income streams are increasingly sought after, and opportunities with this level of tenant longevity, income security and transport connectivity are exceptionally rare”
Luca Angelico is Director of CVA’s North Eastern Region, where he consults owners, occupiers and developers on sales, leasing and development site strategy across one of Melbourne’s most active commercial corridors. He holds a Bachelor of Commerce from the University of Melbourne and brings experience in construction management to each engagement, a combination that allows him to assess both the commercial fundamentals and the physical realities of a site with equal rigour. His advice is measured, evidence-based and aligned to each client’s long-term position, whether that involves divestment, repositioning or hold-anddevelop strategies. Clients work with Luca for the depth of his preparation and the discipline of his advice and continue to, well beyond the conclusion of any single transaction.
Anthony Comand | 0408 846 335 anthony.comand@cva.melbourne
“With a renewed medical lease, a long-standing pharmacy tenant and the flexibility to invest or occupy in the future, this asset provides a unique combination of immediate income, future upside and strong underlying land value”
Curious, driven, and never without a strategy — Anthony Comand brings a fresh edge to Melbourne’s northern commercial scene. With a background in premium residential sales and fastmoving brand marketing, he knows how to win trust, negotiate smart, and keep things moving. Anthony thrives on the thrill of the deal but stays focused on what matters most: helping clients make confident decisions that stand the test of time. Straight-talker. Detail-digger. Big-picture thinker. If there’s value to uncover, he’ll find it — and make sure you’re the first to know.
The property at 11–17 Orvieto Street, Coburg North presents as a functional and well-established healthcare and pharmacy premises with generous internal areas, good natural light in parts, and an existing layout suited to medical, pharmacy and allied health use.
The main opportunity is to improve the overall presentation through a targeted cosmetic and operational refresh rather than major structural works. The pharmacy retail area would benefit from decluttering, improved product display consistency, clearer aisle circulation and more coordinated promotional signage to create a cleaner and more professional customer experience.
The reception and waiting areas could be modernised with updated seating, refreshed counter finishes, improved wayfinding signage, indoor planting and a softer interior colour palette to create a more welcoming patient environment. Consulting and treatment rooms appear serviceable but would benefit from repainting, upgraded office furniture, improved cable management, updated task lighting
and minor cabinetry improvements. Deep cleaning or replacing worn carpet in high-traffic areas, refreshing walls and ceilings, and ensuring lighting, air-conditioning, accessibility and compliance items are well maintained would further strengthen the property’s presentation and appeal to healthcare operators.
Principle Outgoings
Site Details Frontage to street
metres* Total site area
sqm*
Title particulars
Certificate of Title — Volume 5172 Folio 384
Lot 4 PS627657
Zoning Commercial 1 Zone (CIZ)
Planning Overlays
Development Contributions Plan Overlay - Schedule 1 (DCPO1)
Design And Development Overlay - Schedule 24 (DDO24)
Parking Overlay - Precinct 1 (PO1)
Municipality City of Merri Bek
All signs point to: Orvieto Street.
Orvieto Street offers a practical and community-focused location for businesses seeking exposure to local residents, established service demand, and flexible premises. Here are some notable aspects and benefits of buying property in this area:
Established Healthcare and Retail Setting:
Orvieto Street benefits from an existing healthcare and retail environment, making it well suited to medical, pharmacy, allied health, and service-based businesses. A business can benefit from customers already visiting the area for essential services, creating opportunities for repeat visits and cross-referrals. This established use also helps reduce the need to educate the market about the location’s purpose.
Convenient Local Catchment:
The location is positioned to service the surrounding Coburg North residential community, providing access to a steady local customer base. Businesses offering everyday services, healthcare, convenience retail, or professional support can appeal directly to nearby residents. This makes the area suitable for operators looking to build long-term relationships with the local community.
Functional Premises for Multiple Uses:
The property layout supports a range of business types, with space for customer-facing areas, consultation rooms, treatment rooms, storage, and administration. This flexibility allows operators to adapt the premises to suit medical, wellness, retail, or professional service requirements. A business can establish operations with a practical existing fitout rather than starting from a blank shell.
Professional Presentation Potential:
The premises has strong potential to be refreshed into a modern and welcoming business environment. With improved signage, updated interiors, and a clear customer flow, the site could present as a highly professional and accessible destination. This gives incoming operators the opportunity to create a strong brand presence while building on the property’s existing functionality.
Established. Practical. Community-focused.
11–17 Orvieto Street, Coburg North is a strong business location due to its established commercial setting, practical existing fit-out, and ability to service the surrounding local community. AND THE POINT?
All signs point to: Coburg North.
Coburg North is a strong location to start a business because it offers a balance of local community demand, accessibility, and long-term growth potential. The suburb is surrounded by established residential neighbourhoods, creating a reliable customer base for businesses that provide everyday services such as healthcare, pharmacy, retail, hospitality, wellness, and professional support. As more people look for convenient services close to home, businesses in Coburg North are well positioned to benefit from repeat local customers and strong word-of-mouth within the community.
The area also benefits from its connection to Melbourne’s inner-northern corridor, with easy access to nearby suburbs including Coburg, Preston, Brunswick, Pascoe Vale, and Reservoir. This broader catchment gives businesses the opportunity to attract customers beyond the immediate neighbourhood. With a mix of
residential, commercial, and service-based activity, Coburg North provides a practical and community-focused environment for operators seeking a location that is accessible, adaptable, and capable of supporting future business growth.
Private Sale by Closing Date Process
At CVA, we provide prospective purchasers full transparency, fairness, and respect during the Private Sale process. To make our point, we’ve defined and outlined the process below so you’re across it prior to submitting an offer.
1. Submitting Offers:
Offers are due no later than the date and time advertised for the Private Sale campaign. They must be submitted through this form with every section completed, signed and emailed to the relevant contact persons by campaign closure. Any offers submitted after this time will be deemed as non-compliant.
Our point of view: we recommend all interested parties submit their best offer, as the vendor reserves the right to accept an initial offer or to deal exclusively with certain offers in a second round. If you can do so, we strongly encourage submitting an offer signed on a Contract of Sale as this may influence the vendors feedback and/ or decision.
2. Review Process:
All offers will be compiled and presented to the vendor for their consideration after the closing of the Private Sale campaign. Upon feedback, we will contact all parties promptly to communicate the vendors instructions relating to their offer. In the event of a second round, we will request all offers to be provided on a contract of sale with a deposit payable to the CVA Trust account, for the vendor’s consideration.
3. Contract and Settlement
Following the acceptance of an offer, a contract of sale will be prepared. At this stage, a deposit will typically be required to secure the property. The terms of the sale, including the settlement date, will then be finalised between the vendor and the successful buyer.
We are dedicated to maintaining clear communication and ensuring that all participants are fully informed throughout the private sale process by closing date. Our goal is to provide a seamless and respectful transaction for all parties involved.
For more information, contact the below:
Luca Angelico 0447 772 782 luca.angelico@cva.melbourne
Anthony Comand 0408 486 335 anthony.comand@cva.melbourne
Vendor Advocacy: Vicki Likoudis vicki@impactacommercial.com.au
