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2 Salisbury St 11,420 SF Office Condo Unit in Richmond, VIC 3121
Investment Highlights
- Excellent public transport connectivity including tram routes and rail access via West Richmond Station.
- Fully integrated within an established health precinct near The Melbourne Clinic and other hospitals.
- Located approximately 3 km east of Melbourne CBD with fast arterial access for patients and professionals.
Executive Summary
The property at 2 Salisbury Street comprises a substantial two-level commercial building located in one of Melbourne’s most established inner-city healthcare and business precincts. Positioned on a 3,163 m² site, the building spans approximately 3,856 m² with basement car parking for 26 vehicles. Its location places it within a highly accessible pocket of Richmond, offering proximity to Victoria Street, Church Street, and key arterial links such as Punt Road and the Eastern Freeway. The area is characterized by strong connectivity, supported by tram stops within walking distance, West Richmond train station approx. 750 m away, and easy linkage to the Melbourne CBD just 3 km west. The surrounding environment includes major hospitals, medical research hubs, and a diverse mix of commercial and residential developments, driving high demand for medical and professional accommodation.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
The asset comprises a substantial medical facility of approximately 1,061 m² arranged over two levels with extensive on-site car parking via a secure basement offering 26 spaces. The property sits on an expansive 1,362 m² landholding in the heart of an established medical precinct, with proximity to The Melbourne Clinic and key tertiary health facilities that reinforce the critical importance of this location for allied services.
Sale Notes
Gorman Commercial is pleased to present a secure, high-yield healthcare investment at 2 Salisbury Street, Richmond, for sale via Expressions of Interest closing Wednesday 27 May. This outstanding property is fully leased to Healthscope, a major national healthcare provider, underpinning its status as a premium investment with long-term income security.
A current lease to Healthscope extends until 14 March 2029 with further options, providing ongoing rental certainty. The property generates a passing net income of $600,000 per annum plus GST, positioning it as an exceptional healthcare-backed commercial investment. Demand for quality medical accommodation within the Richmond precinct remains strong, driven by population growth, urban renewal, and the area’s continued evolution as a health services hub.
With unrivaled accessibility, strong tenant covenant, and integration within Melbourne’s premier health precinct, this offering represents a rare opportunity to acquire a long-term, income-producing asset that aligns with robust sector fundamentals.
A current lease to Healthscope extends until 14 March 2029 with further options, providing ongoing rental certainty. The property generates a passing net income of $600,000 per annum plus GST, positioning it as an exceptional healthcare-backed commercial investment. Demand for quality medical accommodation within the Richmond precinct remains strong, driven by population growth, urban renewal, and the area’s continued evolution as a health services hub.
With unrivaled accessibility, strong tenant covenant, and integration within Melbourne’s premier health precinct, this offering represents a rare opportunity to acquire a long-term, income-producing asset that aligns with robust sector fundamentals.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 11,420 SF | Office | Upon Request | - |
-
| Unit Size |
| 11,420 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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| Unit Size | 11,420 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| The asset comprises a substantial medical facility of approximately 1,061 m² arranged over two levels with extensive on-site car parking via a secure basement offering 26 spaces. The property sits on an expansive 1,362 m² landholding in the heart of an established medical precinct, with proximity to The Melbourne Clinic and key tertiary health facilities that reinforce the critical importance of this location for allied services.</li></ul> | |
| Sale Notes | |
| Gorman Commercial is pleased to present a secure, high-yield healthcare investment at 2 Salisbury Street, Richmond, for sale via Expressions of Interest closing Wednesday 27 May. This outstanding property is fully leased to Healthscope, a major national healthcare provider, underpinning its status as a premium investment with long-term income security.<br> <br> A current lease to Healthscope extends until 14 March 2029 with further options, providing ongoing rental certainty. The property generates a passing net income of $600,000 per annum plus GST, positioning it as an exceptional healthcare-backed commercial investment. Demand for quality medical accommodation within the Richmond precinct remains strong, driven by population growth, urban renewal, and the area’s continued evolution as a health services hub.<br> <br> With unrivaled accessibility, strong tenant covenant, and integration within Melbourne’s premier health precinct, this offering represents a rare opportunity to acquire a long-term, income-producing asset that aligns with robust sector fundamentals.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 41,506 SF | Floors | 2 |
| Property Type | Industrial (Condo) | Typical Floor Size | 20,753 SF |
| Property Subtype | Showroom | Lot Size | 0.78 AC |
| Building Class | C | Parking Ratio | 0.11/1,000 SF |
| Total Building Size | 41,506 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Showroom |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 20,753 SF |
| Lot Size | 0.78 AC |
| Parking Ratio | 0.11/1,000 SF |
Amenities
- Signage
- Automatic Blinds
1 of 5
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Matterport 3D Exterior
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Street View
Street
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2 Salisbury St
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