Gross Waddell ICR is pleased to present for sale this rare dual-tenanted healthcare investment located in the heart of one of Melbourne’s most tightly held inner-city precincts – Errol Street.

59 Errol Street, North Melbourne, is a fully leased two-storey commercial building comprising two high-quality medical tenants being a long-standing dental clinic and a psychology practice. With a secure income underpinned by essential service providers, this asset represents an exceptional opportunity for investors seeking resilient, long-term income in a proven city fringe location.

Investment Highlights:

• Fully leased to two separate tenants – Quiet River Psychology (Ground Floor) and Errol Dental Studio (First Floor)

• Combined net rental: $72,844 p.a.*

• Land Area: 185 sqm*

• Total Building Area: 240 sqm*

• Flexible Commercial 1 zoning (C1Z)

• Located in the bustling Errol Street retail precinct, just minutes from the CBD

• High foot traffic, excellent public transport access, and street parking

• Close proximity to the Queen Victoria Market, University of Melbourne, Royal Melbourne Hospital and major arterial roads

• Significant uplift potential via rental growth, refurbishment or future redevelopment (STCA)

For Sale - $1,600,000

For more information or to arrange an inspection, please contact Gross Waddell ICR directly.

*approx.