Ex-East Melbourne Specialist Day Hospital for sale
BGH Capital has listed the prominent East Melbourne Specialist Day Hospital for sale after operator Virtus relocated services undertaken there.
The 9A accredited property, 23 Clarendon Street, one holding from Victoria Parade and the Collingwood and Fitzroy borders, with 1549 square metres, also fit for IVF services, gynaecology, and dentistry, had just been renovated.
The day hospital contains 13 beds.
There are also 21 basement car parks.
Earlier this week we reported the ex-Cliveden Hill Private Hospital in East Melbourne traded for $17m between boutique residential developers.
Healthcare hotspot
The Simpson St site spreads 1011 sqm, zoned Commercial 1 – which would allow residential to form part of any redevelopment (story continues below).
It also prices the property at just over $10 million based on land values (c$10,000 per sqm).
An occupier, essential services investor or joint venture between a doctor and institutional investor is more likely the buyer, according to CBRE’s Sandro Peluso, who is representing BGH with Mark Granter, Marcello Caspani-Muto and Kai Wang, the property being walking distance to Epworth Freemasons, St Vincent’s Public, St Vincent’s Private and the Royal Eye and Ear Hospital.
The Royal Australasian College of Surgeons, Bionics Institute and Australian Catholic University are also in the vicinity, he added.
“This is one of Melbourne’s premier healthcare precincts” according to the executive.
“There is a good level of tenant interest and healthcare demand within the East Melbourne and Collingwood healthcare precinct, and this is not just limited to large scale healthcare providers,” Mr Peluso said. “There are also a number of boutique doctor-led syndicates who would see a building like this as attainable and attractive for their long-term operations”.
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