77 Devonshire Road, Watsonia VIC 3087

Colliers is pleased to exclusively offer 77 Devonshire Road, Watsonia for sale via Expressions of Interest closing Wednesday 2nd April 2025 at 3pm (AEDT).

The asset represents a 100% leased medical investment situated within the heart of Watsonia’s retail precinct. The newly built asset comprises a dual level freehold building with a total floor area of 787m2* situated on a two-street frontage corner land parcel of 615m2*. The property encapsulates 58 meters of street frontage with direct access to Watsonia Train Station and the $26.1 billion North-East link currently under construction.

77 Devonshire Road is anchored by Watsonia Central Medical Clinic and Montmorency Kids Clinic with a WALE of 5.6 years by income. Favourable depreciation benefits and a low land holding cost presents this asset as an attractive and secure investment opportunity.

Property highlights

- Net Income of $329,383* p.a

- Attractive WALE of 5.6 years by income

- 13 secure on-site car spaces

- Favourable Depreciation Benefits

- Building Area = 787sqm*, Land Area = 615sqm*

- Minimal Land Holding Costs

- Separately titled providing future flexibility

- Well connected with direct access to public transport (Watsonia Train Station) and major arterials (Greensborough Highway & upcoming North-East Link)

- Close proximity to La Trobe Private Hospital (3.4km), Austin Hospital(5.2km) and Northpark Private Hospital (2.8km)

For further information or to arrange an inspection please contact the exclusive Colliers selling agents below.

Lucas Soccio | +61 421 428 990

Alex Browne | +61 418 350 545

James Zhuang | +61 473 866 666

*approximately

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