Description

Gorman Commercial is pleased to offer for sale 226 Hotham Street, Elsternwick via Expressions of Interest closing on Thursday 11th September at 2pm.

The property presents an excellent opportunity to acquire this high quality medical investment in one of the south-eastern suburbs most bustling and highly sought after precinct.

Key property features:

* Substantial corner landholding of 563 sqm
* Income: $95,481 pa + GST + outgoings (At Sept 2025)
* Leased to well known podiatry tenant, Foot Centre Group with 5 clinics throughout southeastern metropolitan Melbourne
* Highly valuable medical permit with four (4) consulting rooms
* Well presented building with with quality improvements including reception, waiting area and staff amenities
* Six (6) on-site car spaces accessible via Davis Street
* Residential Growth Zoning providing future residential development upside, conversion or subdivision potential
* Located nearby major arterial routes, Glen Huntly Road shopping strip, Classic Cinemas and excellent public transport with Elsternwick train station 350 metres away.

Listing Highlights

• Excellent tenant with 5 clinics
• Income: $95,481 pa + GST + outgoings
• Medical permit with 4 consulting rooms