2 Highlands Road, Thomastown, VIC 3074 | Land for sale | OnTheHouse
 
FOR SALE
$1,600,000 - $1,700,000

2 Highlands Road
Thomastown VIC 3074

Bedrooms: 11
Bathrooms: 3
Car spaces: 12
Floor area: 272m2
Land area: 884m2
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Blue-Chip Commercial Investment with Development Upside 2 Highlands Road, Thomastown

Located in a Residential Growth Zone, providing ample opportunity for high density development opportunities (STCA). Positioned just off High Street in one of Melbourne's most active northern growth corridors, 2 Highlands Road, Thomastown presents a rare dual-purpose opportunity and solid commercial investment. Formerly operating as a medical clinic, the building is move-in ready and thoughtfully fitted out for a wide range of professional and commercial uses.
Whether you're an investor seeking a high-performing asset, a business owner looking for a ready-to-occupy premises, or a developer with an eye on the land's full potential - this property delivers on every front.
The existing fit out lends itself to an extraordinary variety of uses. A full reception area, multiple consulting and practice rooms, and a staff lunchroom mean the hard work has already been done. The possibilities truly are endless - medical, allied health, legal, financial services, education, co-working, or split across multiple tenancies to maximise your rental return.
Key Property Features
Land area – 884m² (approx.)
Formerly a medical clinic - ready to occupy
Full reception area
Multiple consulting and practice rooms
Staff lunchroom and amenities
Subdivision potential (STCA)
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Property Details for 2 Highlands Rd, Thomastown

Building Type
Land
Floor Size
272m2
Land Size
884m2
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About Thomastown 3074

The size of Thomastown is approximately 14.7 square kilometres. There are 23 parks, covering nearly 4.0% of the total area. The population of Thomastown in 2016 was 20523 people. By 2021 the population was 20234 showing a population decline of 1.4% in the area during that time. The predominant age group in Thomastown is 30-39 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thomastown work in a trades occupation.In 2021, 67.80% of the homes in Thomastown were owner-occupied compared with 68.50% in 2016.

Thomastown has 12,200 properties. Over the last 5 years, Houses in Thomastown have seen a 8.98% increase in median value, while Units have seen a 21.92% increase. As at 31 July 2026:

  • The median value for Houses in Thomastown is $774,005 while the median value for Units is $557,303.
  • Houses have a median rent of $543 while Units have a median rent of $490.
There are currently 71 properties listed for sale, and 39 properties listed for rent in Thomastown on OnTheHouse. According to Cotality's data, 535 properties were sold in the past 12 months in Thomastown.

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Joel Viavattene
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Robert Ozzimo
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Harcourts Rata & Co
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