77 Devonshire Road,
Watsonia, VIC 3087
Shops & Retail
Key property information
Land area
Floor area
Car spaces
Tenure type
Sold on
Colliers - Melbourne East
Level 7, Chadstone Tower One 1341 Dandenong RdCHADSTONE, VIC 3148
77 Devonshire Road
Watsonia, VIC 3087
Map of 77 Devonshire Road
Secure Freehold Medical Investment
- Net Income of $329,383* p.a.
- 100% Leased Medical Asset
- Minimal Land Holding Costs
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 9...
Alex Browne | +61 418 350 5...
*approximately
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 9...
Alex Browne | +61 418 350 5...
*approximately
Watsonia, 3087 demographic data
The median household income for Watsonia is $1,883, 1% lower than Greater Melbourne's household income of $1,901. Watsonia has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 51% of property owners in Watsonia have a mortgage.
5,352
Population
$1,883 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
More properties from Colliers - Melbourne East
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
81-83 Burgundy Street,Heidelberg, VIC 3084 807 m²Offices • Development Sites & Land • Shops & Retail
