331 Princes Highway, Noble Park, VIC 3174 sold on 27 November 2025 | OnTheHouse
 
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Sold on 27 Nov 2025 - Price Unavailable

331 Princes Highway
Noble Park VIC 3174

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 173m2
Land area: 612m2
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Property Details for 331 Princes Hwy, Noble Park

Building Type
Commercial
Floor Size
173m2
Land Size
612m2

Last Listing description (November 2025)

331 Princes Highway has been tenanted for over 11 years and it's easy to see why; this is a medical centre right next to, and leased by the South Eastern Hospital currently operating as a Melbourne Pathology collection centre. The property is also located just metres from Eastlink and benefits from service road access and adjacent hospital parking.

The current three year lease expires in May 2026, with a market review to start the final 3 year option. Given the size and location of the property, we anticipate rental upside, not to mention the prospect of higher returns with some strategic capital improvement.

The opportunity features:

• 612m2* of land
• 173m2* building area
• Current rent $74,220 + GST
• Tenant pays usual outgoings
• 6 consulting rooms, reception, staff room, amenities, etc.
• General Residential Zone (GRZ1)
• Tenanted since 2014 by Healthe Care South Eastern with sublease to Melbourne Pathology
• 3 year lease to 31/05/2026
• Market review May 2026 to commence final 3 year option
• Annual CPI increases
• 7 car spaces
• Bordering South Eastern Hospital + carpark
• 3.5km from Dandenong Hospital

Auction 12pm Thursday November 27th on site

Contact Dillon Chambers 0422 909 456 or Ryan Trickey 0400 380 438 for further information or to arrange an inspection.

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Property History for 331 Princes Hwy, Noble Park, VIC 3174

A timeline of how this property has performed in the market
Last Sold
27 Nov 2025
Listed for Rent
$60k/w
05 Dec 2013
  • 27 Nov 2025
    Sold for $1,525,000
  • 24 Oct 2025
    Listed for Sale CONTACT AGENT
  • 04 Feb 2016
    Listed for Sale Not Disclosed
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About Noble Park 3174

The size of Noble Park is approximately 8.6 square kilometres. It has 22 parks covering nearly 6.0% of total area. The population of Noble Park in 2016 was 30998 people. By 2021 the population was 32257 showing a population growth of 4.1% in the area during that time. The predominant age group in Noble Park is 30-39 years. Households in Noble Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Noble Park work in a labourer occupation.In 2021, 56.30% of the homes in Noble Park were owner-occupied compared with 54.90% in 2016.

Noble Park has 15,615 properties. Over the last 5 years, Houses in Noble Park have seen a 19.00% increase in median value, while Units have seen a 25.33% increase. As at 31 January 2026:

  • The median value for Houses in Noble Park is $840,625 while the median value for Units is $576,843.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 44 properties listed for sale, and 35 properties listed for rent in Noble park on OnTheHouse. According to Cotality's data, 639 properties were sold in the past 12 months in Noble park.

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Ryan Trickey
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Dillon Chambers
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RWC Glen Waverley
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