High rental yield of $90,000.00 pa with secure Lease
Fully operational Medical Centre in a prime location of Pascoe Vale
Site Area: 883 square meters with Street Frontage of 23 meters
This immaculately presented Medical Practice is suited to astute investors or prospective owner-occupiers. The property has been operating as a traditional family practice serving the local community for over 30 years.
Features:
4 consultation rooms, a treatment room, pathology room, staff and patient amenities, a large waiting room and a gated carpark with space for 12 cars
The fully accredited, operating medical clinic has been newly renovated.
Fully fitted with all medical equipment necessary to operate as a family practice, allied health centre or a wide variety of other office-based uses.
Great located on busy Derby Street, and benefits from the high traffic of the local area.
Just 10km from Melbourne CBD.
Established clientele, having operated as a medical practice for over 30 years.
Allied health professionals, shops, schools, hospitals, and all other required amenities in the vicinity.
Location:
- Melbourne CBD - 10km - Pascoe Vale North Primary - 400m | Pascoe Vale Primary School - 1 km | Westbreen Primary School - 1.3 km | Coburg North Primary - 1.3 km
- CraigCare Pascoe Vale 1 km | Dorothy Impey Homes 1.4 km | Mayflower Edith Bendall - 2 km
- Royal Melbourne Hospital - 8 km | Brunswick Private Hospital - 4.2 km | Austin Hospital - 10 km | Glenroy Specialist Centre - 3.5 km
- Merlynston Allied Health - 1.2 km | Merri Health 3 km | Dynamic Health and Recovery - 1.3km
- Derby Street Children's Centre - 150m | Guardian Childcare & Education Centre - 750m | Goodstart Early Learning Pascoe Vale - 850 m
Inspections by appointment only, call Joe Albioli 0438 133 123
*All measurements of area, distance and size are approximate only
The size of Pascoe Vale is approximately 4.9 square kilometres. It has 22 parks covering nearly 7.4% of total area. The population of Pascoe Vale in 2016 was 17051 people. By 2021 the population was 18171 showing a population growth of 6.6% in the area during that time. The predominant age group in Pascoe Vale is 30-39 years. Households in Pascoe Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pascoe Vale work in a professional occupation.In 2021, 62.50% of the homes in Pascoe Vale were owner-occupied compared with 63.10% in 2016.
Pascoe Vale has 10,074 properties. Over the last 5 years, Houses in Pascoe Vale have seen a 24.85% increase in median value, while Units have seen a 10.22% increase. As at 30 November 2025:
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