347 & 351 Burwood Highway,
Forest Hill, VIC 3131
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Lemon Baxter
Level 26, 2 Southbank BoulevardSOUTHBANK, VIC 3006
347 & 351 Burwood Highway
Forest Hill, VIC 3131
Map
Fully Leased, Strong WALE & Land Rich Investment Opportunity
- 10,589sqm* quality accommodation over two buildings, plus 3-level car park (721 bays total) & onsite childcare centre
- 100% leased & diverse $3.4 mil* p.a (as at 1 July 2025) income anchored by NEC & 60%* to social & health services
- High profile 2.62h.a* C1Z site offering flexible mixed use development potential (STCA)
Lemon Baxter and Colliers are pleased to present for sale, Forest Hill Healthcare & Innovation Park at 347 & 351 Burwood Highway, Forest Hill — a rare opportunity to acquire a fully leased, strong WALE & land-rich investment property.
The key highlights of the opportunity include:
- Exceptionally well-maintained high-quality buildings, comprising a total net lettable area of 10,589sqm across two buildings.
- Extensive capital expenditure in 2019, including new lobbies, upgraded tenancies, updated electrical distribution, new end-of-trip facilities, new lifts, and upgraded amenities.
- Fully leased to high-calibre growth-oriented global industry and destination tenants, including those in the healthcare, social services, IT services, and childcare sectors such as NEC Australia, Bolton Clarke and Little Assets Childcare.
- Net passing income of $3,377,329*
- Median term 4.47 WALE with favourable staggered lease expiry profile
- Positioned in eastern Melbourne only 17km* from the Melbourne CBD and 5km* from the Box Hill CBD. This unrivalled land rich investment with a strong likelihood that the land value will surpass the investment value.
- Exceptional connectivity with immediate access to shopping precincts, health & education infrastructure, parklands and public transport.
- NABERS energy rating: 347 Burwood Highway – 4.0 Stars, 351 Burwood Highway – 4.5 Stars
For Sale by Expressions of Interest closing on Thursday 12th June 2025 at 2pm (AEST).
For further information or to arrange an inspection please contact the exclusive selling agents below:
Lemon Baxter
Thomas Blencowe | 0401 197 122
Paul O’Sullivan | 0412 410 366
Hans Fan | 0401 882 621
Colliers
Scott Orchard | 0425 760 7...
Alex Browne | 0418 350 5...
Ben Baines | 0438 328 407
*Approximate
- 100% leased & diverse $3.4 mil* p.a (as at 1 July 2025) income anchored by NEC & 60%* to social & health services
- High profile 2.62h.a* C1Z site offering flexible mixed use development potential (STCA)
Lemon Baxter and Colliers are pleased to present for sale, Forest Hill Healthcare & Innovation Park at 347 & 351 Burwood Highway, Forest Hill — a rare opportunity to acquire a fully leased, strong WALE & land-rich investment property.
The key highlights of the opportunity include:
- Exceptionally well-maintained high-quality buildings, comprising a total net lettable area of 10,589sqm across two buildings.
- Extensive capital expenditure in 2019, including new lobbies, upgraded tenancies, updated electrical distribution, new end-of-trip facilities, new lifts, and upgraded amenities.
- Fully leased to high-calibre growth-oriented global industry and destination tenants, including those in the healthcare, social services, IT services, and childcare sectors such as NEC Australia, Bolton Clarke and Little Assets Childcare.
- Net passing income of $3,377,329*
- Median term 4.47 WALE with favourable staggered lease expiry profile
- Positioned in eastern Melbourne only 17km* from the Melbourne CBD and 5km* from the Box Hill CBD. This unrivalled land rich investment with a strong likelihood that the land value will surpass the investment value.
- Exceptional connectivity with immediate access to shopping precincts, health & education infrastructure, parklands and public transport.
- NABERS energy rating: 347 Burwood Highway – 4.0 Stars, 351 Burwood Highway – 4.5 Stars
For Sale by Expressions of Interest closing on Thursday 12th June 2025 at 2pm (AEST).
For further information or to arrange an inspection please contact the exclusive selling agents below:
Lemon Baxter
Thomas Blencowe | 0401 197 122
Paul O’Sullivan | 0412 410 366
Hans Fan | 0401 882 621
Colliers
Scott Orchard | 0425 760 7...
Alex Browne | 0418 350 5...
Ben Baines | 0438 328 407
*Approximate
Forest Hill, 3131 demographic data
10,780
Population
$1,658 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
Lemon BaxterLevel 26, 2 Southbank Boulevard
SOUTHBANK, VIC 3006
SOUTHBANK, VIC 3006
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000