10 Leith RoadMontrose VIC 3765
Property Details for 10 Leith Rd, Montrose
Last Listing description (August 2022)
CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale 10 Leith Road. Montrose. A premium medical investment with prominent locale, purpose built with outstanding exposure to Leith Road. This medical centre has been servicing Montrose for decades Leased to highly successful medical group SIA Medical.
Servicing a diverse and close-knit community 10 Leith Road boasts a generous land offering of 1,411sqm*. As society moves towards prioritising quality of life over inner-city locations, Montrose has experienced exceptional population growth reflected boldly in a median house price increase of 16.2% over the past year.
A short walk away from key Montrose community amenities and services surrounded by the beautiful Dandenong Ranges this property is an exceptional opportunity to invest in a growing community with picturesque surroundings. The difficulty in acquiring a property with such a strong lease covenant is not to be underestimated SIA Medical Group are a highly successful medical operator within Victoria
+ Brand New 7-Year Lease to SIA Medical to 2029 Plus Options to 2044
+ Strong trading medical centre located in the heart of the Yarra Ranges Council
+ Significant land holding of 1,411sqm* boasting 22m* street exposure - Centrally located within Montrose commercial district with surrounding amenities and services
+ SIA Medical 8 premium locations across Victoria
+ Passing rental $108,000 pa* + outgoings + GST accompanied by 3.5% fixed annual rental increases
LOCATION
+ Among the beautiful surroundings of the Dandenong Ranges and central to the Montrose community
+ Strong underlying land value with Montrose featuring a median house price of $912,000
+ Ideally positioned in the heart of the Montrose town centre with the Montrose Pharmacy, cafs and dense commercial retail surrounding the property
+ Public transport options with bus stop directly outside property, as well as community amenities being a stone's throw away.
SOLD
For further information, please contact the exclusive sale and marketing agents:
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
approx*
Property History for 10 Leith Rd, Montrose, VIC 3765
- 31 Oct 2025Sold for $2,320,000
- 24 Aug 2022Sold for $1,820,000
- 15 Jul 2022Listed for Sale HEALTHCARE & CHILDCARE PORTFOLIO AUCTION
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About Montrose 3765
The size of Montrose is approximately 11.1 square kilometres. It has 15 parks covering nearly 26.7% of total area. The population of Montrose in 2016 was 6761 people. By 2021 the population was 6900 showing a population growth of 2.1% in the area during that time. The predominant age group in Montrose is 40-49 years. Households in Montrose are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montrose work in a trades occupation.In 2021, 87.80% of the homes in Montrose were owner-occupied compared with 85.30% in 2016.
Montrose has 2,808 properties. Over the last 5 years, Houses in Montrose have seen a 21.35% increase in median value, while Units have seen a 5.02% increase. As at 31 December 2025:
- The median value for Houses in Montrose is $999,101 while the median value for Units is $696,142.
- Houses have a median rent of $665 while Units have a median rent of $445.
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