Healthcare groups lease Preston offices

St John’s Orthodox College owns 21-27 Railway Place West.

Healthcare groups have leased two Preston properties.

Preston Physiotherapy has leased 537 High Street.

At 21-27 Railway Place West, Seven Hats Psychology has signed an initial five year agreement for a mansion-converted-office abutting St John’s Orthodox College, also the landlord and former occupier.

Starting annual rent for the 230 square metre space is $55,000 ex-GST and outgoings.

On 1152 sqm, the offering also includes 17 parking bays.

Seven Hats will relocate from a 96 sqm space with two car parks in High St, Thornbury – the neighbouring suburb – speculated to have cost c$30,000 per annum.

“The prime inner north location coupled with the need to expand their practice and the terrific access to the Western Ring Road and Citylink made this Preston property an ideal fit,” NSL Property Group’s Guy Naselli, said (story continues below).

The High Street building is costing $100,000 per annum.

Physiotherapist switches Preston base

In a second local leasing deal, Preston Physiotherapy will relocate its practice within High St.

The medical group is paying annual starting rent of $100,000 for #537, which contains 294 sqm of modernised area over two floors. The 410 sqm block also has five car parks.

Mr Naselli with DGi Properties’ David Gargaro were the agents.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of