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55 Sunshine Avenue 6,641 SF 100% Leased Office Building Kealba, VIC 3021 For Sale
Investment Highlights
- The property is securely leased to Partnered Health under a recently renewed eight-year lease to October 2033, with a further eight-year option.
- The dominant 2,431 square metre corner landholding offers extensive dual street frontage and strong underlying land value.
- Commercial 1 zoning provides long-term flexibility and enhances the asset’s future redevelopment or repositioning potential.
- The asset is a purpose-built, single-level medical facility supported by complementary healthcare tenants, including an onsite pharmacy.
- The property is located approximately 17 kilometres from the Melbourne CBD within a high-growth local government area.
- All outgoings are fully recoverable, including land tax on a single holding basis, enhancing net income and investment efficiency.
Executive Summary
55 Sunshine Avenue, St Albans VIC 3021 presents a rare opportunity to acquire a purpose-built metropolitan medical freehold investment underpinned by a long-term lease to an established national healthcare operator. Securely leased to PHMC Pty Ltd, trading as Partnered Health (Kealba Family Practice), the property benefits from a recently renewed eight-year lease extending to October 2033, with a further eight-year option, providing long-term income security. Partnered Health operates approximately 60 medical centres across Australia and is further supported at the property by partial sub-leases to Kealba Pharmacy and Clinical Labs, reinforcing the strength and diversity of the tenant profile.
The property is located within an established metropolitan growth corridor approximately 17 kilometres northwest of the Melbourne CBD, in the City of Brimbank. The area is forecast to experience strong population growth of 18.46% by 2046, supporting sustained demand for primary healthcare services. Sunshine Avenue offers direct connectivity to Sunshine, the St Albans town centre, the Western Ring Road, and the Calder Freeway, while the property’s proximity to Sunshine Hospital and the broader regional health precinct further underpins its long-term healthcare relevance.
Occupying a dominant corner landholding of 2,431 square metres, the property boasts extensive frontage of approximately 47 metres to Sunshine Avenue and 49 metres to Sage Avenue, providing strong exposure and future flexibility. The single-level, purpose-built medical facility comprises a building area of 617 square metres and is complemented by plentiful at-grade onsite car parking, enhancing accessibility for patients and practitioners alike. The site is zoned Commercial 1 (C1Z), offering valuable long-term flexibility for a range of permissible uses. The lease structure provides additional investor appeal, with all outgoings recoverable, including land tax on a single holding basis.
The property is located within an established metropolitan growth corridor approximately 17 kilometres northwest of the Melbourne CBD, in the City of Brimbank. The area is forecast to experience strong population growth of 18.46% by 2046, supporting sustained demand for primary healthcare services. Sunshine Avenue offers direct connectivity to Sunshine, the St Albans town centre, the Western Ring Road, and the Calder Freeway, while the property’s proximity to Sunshine Hospital and the broader regional health precinct further underpins its long-term healthcare relevance.
Occupying a dominant corner landholding of 2,431 square metres, the property boasts extensive frontage of approximately 47 metres to Sunshine Avenue and 49 metres to Sage Avenue, providing strong exposure and future flexibility. The single-level, purpose-built medical facility comprises a building area of 617 square metres and is complemented by plentiful at-grade onsite car parking, enhancing accessibility for patients and practitioners alike. The site is zoned Commercial 1 (C1Z), offering valuable long-term flexibility for a range of permissible uses. The lease structure provides additional investor appeal, with all outgoings recoverable, including land tax on a single holding basis.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,641 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,641 SF
Building FAR
0.25
Lot Size
0.60 AC
Parking
38 Spaces (4.58 Spaces per 1,000 SF Leased)
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