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254 Centre Rd 1,528 SF Office Building Bentleigh, VIC 3204 For Sale



Investment Highlights
- Leased to Qualitas Healthcare, a major operator with a national and global presence.
- High-exposure corner site with 47 meters of combined street frontage and rear laneway access.
- Flexible future options including lease extension, re-leasing, or owner occupation.
- Current five-year lease in place until August 2027, returning $64,694 per annum plus outgoings.
- Positioned on Centre Road, a major retail and service strip in Melbourne’s south-east.
- On-site parking accessible from Cairnes Grove.
Executive Summary
This corner medical investment offers a rare opportunity in one of Bentleigh’s most recognized healthcare precincts. Positioned prominently along Centre Road at the intersection of Cairnes Avenue, the property benefits from exceptional exposure within a thriving retail and service corridor in Melbourne’s south-east. The asset is currently leased to Qualitas Healthcare, a well-established operator with a network of over 40 practices across major Australian cities and ties to a global network of approximately 250 practices.
The existing five-year lease runs until August 2027, generating an annual return of $64,694 plus outgoings, with no further options in place. This creates flexibility for investors seeking to negotiate a new long-term agreement, re-lease to another healthcare provider, or consider future owner occupation. The property’s long-standing medical use, combined with its high-profile corner position and dual street frontages totaling 47 meters, enhances its long-term appeal. Rear access and parking from Cairnes Grove further support operational convenience.
Located within one of the largest retail strips in the south-eastern suburbs, the property is surrounded by complementary businesses, strong local amenities, and excellent transport connectivity. This is a compelling opportunity for investors or owner-occupiers seeking a secure healthcare asset with upside potential.
The existing five-year lease runs until August 2027, generating an annual return of $64,694 plus outgoings, with no further options in place. This creates flexibility for investors seeking to negotiate a new long-term agreement, re-lease to another healthcare provider, or consider future owner occupation. The property’s long-standing medical use, combined with its high-profile corner position and dual street frontages totaling 47 meters, enhances its long-term appeal. Rear access and parking from Cairnes Grove further support operational convenience.
Located within one of the largest retail strips in the south-eastern suburbs, the property is surrounded by complementary businesses, strong local amenities, and excellent transport connectivity. This is a compelling opportunity for investors or owner-occupiers seeking a secure healthcare asset with upside potential.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,528 SF
Building Class
C
NOI
$44,613
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,528 SF
Building FAR
0.57
Lot Size
0.06 AC
Parking
4 Spaces (2.62 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Accent Lighting
- Reception
- Fully Carpeted
- High Ceilings
- Partitioned Offices
- Recessed Lighting
- Air Conditioning
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254 Centre Rd
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