533 Blackburn Road, Mount Waverley, Vic 3149

CBRE, under instructions from The Asset Restructuring Group as Receivers and Managers, is pleased to offer 533 Blackburn Road, Mount Waverley for sale.

The property presents a rare opportunity to acquire a vacant, purpose-built 1,054sqm* medical facility situated on a substantial 4,496sqm* corner landholding. Featuring an existing planning permit for up to 19 practitioners and 52 on-site car parks, the asset offers owner-occupier potential, leasing flexibility and longer-term development opportunities (STCA).

Key highlights of the opportunity include:

+ Fully fitted 1,054sqm* medical centre across two levels with lift access, comprising reception and waiting areas, five consulting rooms, a procedure room with scrub bay, treatment room, in-house pathology, dispensary and a children’s play area on the ground floor, with a further seven consulting rooms, offices, boardroom, staff facilities and separate waiting area on the first floor
+ Existing planning permit allowing up to 19 practitioners on-site at any one time, providing flexibility for a range of healthcare operations, subject to applicable approvals and permit conditions
+ 52 on-site car parks representing an outstanding ratio of approximately 5.2 spaces per 100sqm* of building area
+ Significant 4,496sqm* corner landholding offering future expansion, repositioning or redevelopment potential (STCA), providing flexibility for owner-occupiers, investors and developers
+ Vacant possession allows for immediate owner-occupation, or a fresh leasing strategy to a single operator or multiple healthcare tenants across the two levels
+ High-profile corner position on Blackburn and Lionel Roads, surrounded by established business parks including Axxess Corporate Park, Ferntree Business Park and Gateway Business Park 
+ Moments from Waverley Private Hospital and within the Monash National Employment and Innovation Cluster, supporting approximately 75,000 jobs and contributing more than $9.4 billion per annum to the Victorian economy
+Positioned within one of Australia’s most significant health, education and research precincts, with Monash University’s Clayton campus 1.4km* away, Monash Medical Centre, Monash Children’s Hospital and the Victorian Heart Hospital all in close proximity
+Suburban Rail Loop East will deliver a new underground Monash station by 2035 which will be easily accessed from the subject site, adding further long-term connectivity
+ Located just 17km* south-east of the Melbourne CBD with direct access to the Monash Freeway, providing efficient connectivity to the CBD and the southern, eastern and outer-eastern suburbs
+ City of Monash population forecast to grow from 209,178 (2024) to 250,219 by 2041, with a further 18,439 dwellings forecast between 2021 and 2041, underpinning sustained demand for healthcare services within the catchment
+ Convenient retail and lifestyle amenity within close distance including Pinewood Shopping Centre, Brandon Park Shopping Centre, The Glen Shopping Centre and Chadstone Shopping Centre 

533 Blackburn Road, Mount Waverley is for sale via Expressions of Interest closing Wednesday 9th December 2026 at 2:00pm (AEDT).

For further information please contact the exclusive selling agents at CBRE.

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Sandro Peluso
+61 418 389 757
sandro.peluso@cbre.com.au

*Denotes Approx.