This article is from the Australian Property Journal archive
KNOX Health’s new $35 million facility in Melbourne’s eastern suburbs is looking for new tenants to join the soon to be completed health hub.
The centre offers an anchor lease to a day hospital leased to Dr David Badov’s Direct Endoscopy Day Hospital, and major endoscopy services provider in Victoria with five day hospitals in the Melbourne metropolitan area.
Badov is developing the centre.
The new Knox Day Hospital will also offer additional facilities suitable for urology, plastic and cosmetic surgery, ophthalmology, gynaecology and IVF, general surgery, vascular, dental extractions and other day surgery.
A total of 4,500 sqm of space is being offered at the complex, situated at 538 Mountain Hwy in Bayswater. Spaces from 150 sqm upwards to 4,500 sqm across two separate buildings are available.
The centre is due for completion in May and is approved for 33 practitioners and will offer a total of 134 car parks on site. End value is circa $35 million.
The campaign is being steered by CBRE’s Sandro Peluso, Josh Twelftree, Jimmy Tat and Marcello Caspani-Muto.
Interest is expected to come from medical centre, dental, allied health, pathology, pharmacy and radiology tenants.
“The sector has weathered COVID-19 exceptionally well and tenants are moving to lock in favourable lease terms and rentals, cognisant of the of the fact that major funds and investors are increasingly attracted to the growth and stability this market segment offers,” the agents said.
The new complex is located a short distance from Knox Private Hospital.
