CORNERSTONE INVESTMENT WITH FUTURE FLEXIBILITY.

Overview

Description

POINT OF INTEREST:

Positioned within a thriving Merri-bek precinct, this versatile two-level offering presents an outstanding opportunity to invest or occupy, with street exposure and excellent connectivity. The property comprises two tenancies including a well-established ground floor chemist, and a first-floor medical clinic. Benefiting from prominent street frontage, strong daily foot traffic, rear access and excellent on-site car parking, the asset is ideally located opposite a playground and café, moments from Merlyn Street cafés, the local shopping village, Bain Reserve and Merlynston Station.

- 360-733 sqm* of total building areas.
- Passing income of $447,238 p.a. + GST and outgoings*.
- Opportunity to occupy and/or invest.
- Ample common parking on site.
- Commercial 1 zoning.
- 100 m* from Merlynston Train Station.
- 2 km* to Bunnings Coburg.
- 19.7m* street frontage.
- Long-standing history in the healthcare and pharmacy space, with over 100 years of established service

Ground Floor:
- 360 sqm* building area.
- $20.646.97* + GST and outgoings in monthly income.
- Potential for vacant possession.

First Floor:
- 373 sqm* building area.
- Five (5) year lease with 4 x further terms of five (5) years.
- New term commenced 31st January 2026.
- $199,474 p.a.* + GST and outgoings as of July 1st 2026.

POINT OF VIEW:

Whether you are an investor seeking a diversified income stream or an owner-occupier looking to secure a foothold within a tightly held precinct, this substantial premises offers scale, flexibility and long-term upside in one of Merri-bek’s most connected community hubs.

In conjunction with the Vendors Representative: Vicki Likoudis - Impacta Commercial Advocates - 0418 357 609.


*Approx.
Pricing excludes GST