{"id":943800,"date":"2026-10-28T09:42:20","date_gmt":"2026-10-28T09:42:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/943800\/"},"modified":"2026-10-28T09:42:20","modified_gmt":"2026-10-28T09:42:20","slug":"24-hour-medical-centre-leased-before-completion-realestatesource","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/943800\/","title":{"rendered":"24-hour medical centre leased before completion \u2013 realestatesource"},"content":{"rendered":"

\"\"<\/a>The medical centre has been under construction this year.<\/p>\n

A GP operator has leased the balance of a medical centre under construction in Melbourne\u2019s north.<\/p>\n

The group initially pre-committed for an initial 15 years to the ground floor of 324 Bell Street, Coburg \u2013 a c300 square metre space.<\/p>\n

It has now taken the first floor, adding 530 sqm.<\/p>\n

The site, at the north east corner of Gordon St, also has 24 car parks.<\/p>\n

CBRE\u2019s Sandro Peluso<\/a>, who brokered the deal with Kai Wang<\/a>, said the property benefits from strong public transport connectivity and exposure to more than 40,000 vehicles a day.<\/p>\n

24-hour clinic<\/p>\n

Near John Fawkner Private Hospital, Brunswick Private and Dorset Rehabilitation Centre, 324 Bell St is permitted to operate 24-hours (continues below)<\/p>\n

\u201cThe standout feature of this transaction is the progression of the occupier\u2019s commitment,\u201d Mr Peluso said.<\/p>\n

\u201cHaving initially pre-committed to part of the development, the operator subsequently expanded its requirement and ultimately secured the entire building prior to completion,\u201d he added.<\/p>\n

\u201cFor a healthcare operator to increase its commitment to 100 per cent of a new development before practical completion is a strong result and demonstrates what can be achieved when the location, building specification and operator requirements align,\u201d according to the executive.<\/p>\n

This pocket of Coburg is about nine kilometres from the CBD.<\/p>\n

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