73-75 Pine Street, Reservoir, VIC 3073 | Commercial for sale | OnTheHouse
 
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73-75 Pine Street
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: 21
Floor area: 2011m2
Land area: 4044m2
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FREEHOLD FORMER PRIVATE HOSPITAL IN MELBOURNE'S NORTHERN GROWTH CORRIDOR - FOR SALE OR LEASE

Ray White Commercial Medical is pleased to exclusively offer 73-75 Pine Street, Reservoir, for sale or lease.
Positioned in Melbourne's established northern growth corridor, this freehold facility offers 2,011 sqm* of net lettable area on a 4,044.12 sqm* site (General Residential Zone - GRZ1), with vacant possession and 21 on-site car spaces. The building was fitted out and operated as a private hospital, including two operating theatres, before the hospital was decommissioned - leaving a substantial, healthcare-grade building ready for reactivation or repurposing, available to purchase outright or lease.
The site adjoins Vision Radiology and Australian Clinical Labs, adding to the amenity of the surrounding precinct. With direct bus access to La Trobe University's Bundoora campus (~5 km*) and connections through Melbourne's northern health and education corridor, the location suits large-footprint operators in healthcare, childcare, aged care or community services, subject to planning permit under GRZ1.
Reservoir has recorded a median house price of $950,000* with annual growth around 5%*, reflecting sustained population growth through Melbourne's north.
Overview:
* 2,011 sqm* NLA on a 4,044.12 sqm* freehold site (GRZ1) - for sale or lease
* Former private hospital fit-out, including two operating theatres
* 21 on-site car spaces
* Vacant possession - full control for an incoming operator or investor
* Adjoins Vision Radiology and Australian Clinical Labs
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Property Details for 73-75 Pine St, Reservoir

Building Type
Commercial
Floor Size
2011m2
Land Size
4044m2
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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. There are 45 parks, covering nearly 8.8% of the total area. The population of Reservoir in 2016 was 50474 people. By 2021 the population was 51096 showing a population growth of 1.2% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation.In 2021, 59.90% of the homes in Reservoir were owner-occupied compared with 59.30% in 2016.

Reservoir has 29,189 properties. Over the last 5 years, Houses in Reservoir have seen a -3.25% decrease in median value, while Units have seen a 9.27% increase. As at 31 August 2026:

  • The median value for Houses in Reservoir is $936,038 while the median value for Units is $652,602.
  • Houses have a median rent of $600 while Units have a median rent of $540.
There are currently 116 properties listed for sale, and 102 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1165 properties were sold in the past 12 months in Reservoir.

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Franz Stapelberg
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David Kim
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RWC Medical (QLD)
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