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)

59 Errol Street, North Melbourne is offered for sale via Onsite Public Auction on Thursday 13th November 2025 at 12:00pm (AEDT).

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

*approx.