201 Union Road, Surrey Hills, VIC 3127 | Property Value & History | OnTheHouse
OFF MARKET

201 Union Road
Surrey Hills VIC 3127

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1143m2
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Property Details for 201 Union Rd, Surrey Hills

Building Type
Commercial
Land Size
1143m2
Local Government
Boroondara
Lot/Plan
1/TP644066

Last Listing description (May 2026)

JLL is proud to exclusively present for sale Mont Albert Medical Centre, a well-established single-level medical centre strategically positioned on a prominent corner site in one of Melbourne's most prestigious eastern suburbs.Offered for sale for the first time in 71 years, Mont Albert Medical Centre a rare opportunity to acquire a freestanding healthcare asset with exceptional provenance, comprising a highly regarded medical practice that has been serving the local community for over 100 years. This compelling investment opportunity provides access to an essential healthcare asset that is underwritten by a newly renewed 5-year lease to ForHealth, one of Australia's largest medical and healthcare providers operating over 95 locations nationally.Mont Albert Medical Centre is for sale Expressions of Interest (EOI) closing Thursday 25 June at 2:00pm (AEST)To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.Key highlights of this investment include: Established medical centre with over 100 years of operational history 100% leased to national operator ForHealth, one of Australias largest medical and healthcare providers with over 95 locations across Australia Recently renewed 5-year lease with options until 2041 Commencing rent of $150,781 per annum* + GST and Outgoings Favourable annual 3.5% fixed increases Single level centre with significant recent refurbishment completed by tenant Large underlying corner landholding of 1,143sqm* in Melbournes prized eastern suburb, Surrey Hills, which comprises a median house price of $2,201,000** High exposure position with over 68 metres* of frontages to both Union and Mont Albert Roads Ideally positioned within a renowned medical precinct, located just 1.8km* from Box Hill Hospital, Eastern Health's largest acute facility, providing strong cross-referral benefits and an established patient catchment Well-positioned to capitalise on the ageing demographic profile of the immediate area, with 40.1% of the Surrey Hills population aged over 50 years, up from 35.6% in the 2016 census, placing continued pressure on local medical and aged care facilities and driving rising demand for healthcare services *approx. **realestate.com.au May-25 Apr-26 ^forecast.id

Property History for 201 Union Rd, Surrey Hills, VIC 3127

A timeline of how this property has performed in the market
Last Sold
$170,000
28 Dec 1983
  • 27 May 2026
    Listed for Sale Contact Exclusive Selling Agents
  • 28 Dec 1983
    Sold for $170,000
  • 25 Jan 1977
    Sold
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About Surrey Hills 3127

The size of Surrey Hills is approximately 4.4 square kilometres. There are 13 parks, covering nearly 3.4% of the total area. The population of Surrey Hills in 2016 was 13605 people. By 2021 the population was 13655 showing a population growth of 0.4% in the area during that time. The predominant age group in Surrey Hills is 50-59 years. Households in Surrey Hills are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surrey Hills work in a professional occupation.In 2021, 76.50% of the homes in Surrey Hills were owner-occupied compared with 76.30% in 2016.

Surrey Hills has 7,004 properties. Over the last 5 years, Houses in Surrey Hills have seen a -2.25% decrease in median value, while Units have seen a 3.51% increase. As at 30 April 2026:

  • The median value for Houses in Surrey Hills is $2,206,342 while the median value for Units is $917,390.
  • Houses have a median rent of $943 while Units have a median rent of $615.
There are currently 10 properties listed for sale, and 1 property listed for rent in Surrey hills on OnTheHouse. According to Cotality's data, 298 properties were sold in the past 12 months in Surrey hills.

Suburb Insights for Surrey Hills 3127

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.