![]() Asset Class: | Office |
![]() Price: | $ 1100000 |
![]() Net Yield: | 6.67 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Pre Market |
<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Located in the vibrant and highly sought-after inner-city suburb of North Melbourne, 101-107 Boundary Road presents an exceptional commercial investment opportunity just 2 km from Melbourne’s CBD. This asset is situated in a thriving mixed-use precinct benefiting from excellent public transport connectivity, including major tram routes, the newly upgraded West Melbourne Station, and easy access to CityLink, ensuring seamless accessibility for tenants and visitors alike.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The property is securely leased to Four Points Therapy, a well-established allied health provider specialising in NDIS services, delivering occupational therapy, speech therapy, physiotherapy, and psychology services. The lease commenced on 1st September 2023, with a three-year term plus two additional five-year options, offering a strong long-term income stream. The current annual rental is $78,000, with fixed 4% annual increases and a market review at the lease option.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The North Melbourne location provides strong investment fundamentals, surrounded by key employment hubs, including the Melbourne Biomedical Precinct, major universities such as The University of Melbourne and RMIT, and the bustling retail and dining strip of Errol Street. The property also benefits from the ongoing Arden Precinct redevelopment and the upcoming Metro Tunnel Project, which will introduce a new North Melbourne train station, further enhancing connectivity and demand in the area.</span></p>
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<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">North Melbourne is a vibrant and historically rich suburb located just 2 km northwest of Melbourne’s CBD. Known for its blend of heritage charm and modern urban development, the area is a key part of Melbourne’s inner-city landscape, attracting professionals, students, and families alike. With a population of approximately 14,953, North Melbourne is experiencing steady population growth due to increased residential and commercial developments.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Transport & Connectivity</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">North Melbourne is exceptionally well-connected, making it a desirable location for businesses, residents, and investors. The suburb benefits from multiple tram routes (Routes 57, 58, and 59) providing direct links to the city and surrounding suburbs. Additionally, the newly upgraded West Melbourne Station (formerly North Melbourne Station) is a major transit hub, offering access to key train lines. The CityLink freeway is also easily accessible, providing seamless connections to Melbourne Airport and major arterial roads.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Retail & Commercial Activity</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The suburb features a thriving retail and dining scene, centred around Errol Street, known for its boutique shops, cafés, and restaurants. The Queen Victoria Market, one of Melbourne’s most iconic landmarks, is on the suburb’s southern edge, drawing both tourists and locals for fresh produce, specialty foods, and retail shopping. Additionally, North Melbourne is home to a mix of office spaces, medical centres, and co-working hubs, making it an attractive location for commercial investment.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Education & Employment Hubs</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">North Melbourne is strategically positioned near major employment and education precincts. It is within close proximity to The University of Melbourne and RMIT University, two of Australia’s leading higher education institutions. The area is also near The Melbourne Biomedical Precinct, which houses major hospitals such as The Royal Melbourne Hospital, The Royal Children’s Hospital, and The Peter MacCallum Cancer Centre, making it a key employment zone for healthcare professionals.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Residential & Investment Appeal</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The suburb offers a diverse range of housing options, from Victorian-era terrace homes to modern apartment developments. The median house price in North Melbourne sits at approximately $1.2 million, with apartments averaging around $550,000 (as of early 2024). The suburb continues to attract young professionals and investors due to its proximity to the CBD, strong rental demand, and future development potential.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Future Growth & Developments</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">North Melbourne is undergoing significant urban renewal, particularly through the Arden Precinct redevelopment, which aims to transform former industrial land into a mixed-use residential, commercial, and innovation hub. The Metro Tunnel Project, set to be completed in 2025, will introduce a new North Melbourne train station, further improving transport links and accessibility.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Why Invest in North Melbourne?</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Prime Inner-City Location</b></span><span style="color:rgb(0, 0, 0);"> – </span><span style="color:rgb(0, 0, 0);font-weight:normal;">Just 2 km from Melbourne CBD, offering strong rental demand and capital growth.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Public Transport Accessibility</b></span><span style="color:rgb(0, 0, 0);"> – </span><span style="color:rgb(0, 0, 0);font-weight:normal;">Well-serviced by trains, trams, and major roads for easy commuting.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Proximity to Key Precincts</b></span><span style="color:rgb(0, 0, 0);"> – </span><span style="color:rgb(0, 0, 0);font-weight:normal;">Close to hospitals, universities, and research institutions, ensuring high employment rates and demand for housing.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Retail & Hospitality Strength</b></span><span style="color:rgb(0, 0, 0);"> – </span><span style="color:rgb(0, 0, 0);font-weight:normal;">Thriving café, restaurant, and retail scene, anchored by Queen Victoria Market and Errol Street.</span></p>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);">Four Points Therapy is a specialist healthcare provider offering a range of allied health services, with a strong focus on NDIS (National Disability Insurance Scheme) support and mobile therapy services. The organization is committed to providing accessible and high-quality therapeutic care to individuals with disabilities, ensuring they receive the support they need in both clinical settings and the comfort of their own homes.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Core Services & Specialisations</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Four Points Therapy provides occupational therapy, speech therapy, physiotherapy, and psychology services, catering to a diverse clientele, including children, adults, and individuals with complex needs. Their mobile therapy model allows them to deliver treatment in homes, schools, workplaces, and community settings, increasing accessibility for NDIS participants who may have difficulty traveling to clinics.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>NDIS-Registered Provider</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">As a fully NDIS-registered provider, Four Points Therapy plays a crucial role in Australia’s disability sector, assisting individuals with personalized therapy plans tailored to their unique goals. This compliance ensures the organization meets strict government standards for quality and service delivery, making it a reliable and long-term tenant in any commercial leasing arrangement.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Business Model & Growth</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> Four Points Therapy has capitalized on the increasing demand for mobile and community-based allied health services, positioning itself as a flexible and scalable healthcare provider. With rising demand for NDIS services across Australia, the organization continues to expand its reach, ensuring long-term financial stability and sustainability.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Why Four Points Therapy is a Strong Tenant</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">• Stable & Growing Industry – The healthcare and disability support sectors are recession-proof and backed by government funding through the NDIS.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Long-Term Service Demand – With Australia’s aging population and increased focus on accessible healthcare, therapy services remain in high demand.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Flexible Business Model – The combination of clinic-based and mobile services ensures operational resilience and adaptability to changing market conditions.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Reputable & Compliance-Focused – As an NDIS-registered provider, Four Points Therapy meets high industry standards, reinforcing its credibility as a professional healthcare service.</span></p>
Initial Term:
Security:
$20625
Security Info:
$20625
Initial Term:
Security:
$20625
Security Info:
$20625
1/75 Chetwynd Street, North Melbourne $45,649 107sqm $427psqm Suite 301, 7 Jeffcott St, West Melbourne $37,000 65sqm $569psqm Level 3, 608 St Kilda Road, Melbourne $150,000 355sqm $423psqm 98 Munster Terrace, North Melbourne $40,000 76sqm $526psqm 36 & 37, 204-218 Dryburgh Street, North Melbourne $59,616 135sqm $441psqm
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Secure lease to Four Points Therapy, a specialist NDIS-registered healthcare provider.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Three-year lease term commencing September 2023, with 5 + 5-year options.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">$78,000 annual rent, with 4% fixed annual increases and a market review at option.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant pays all usual outgoing except land tax and management fees</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Prime North Melbourne location, just 2 km from Melbourne’s CBD.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Surrounded by major employment hubs, including the Melbourne Biomedical Precinct, major hospitals, and universities.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strong transport connectivity with tram routes, West Melbourne Station, and CityLink access.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Significant future growth potential, with the Arden Precinct redevelopment and Metro Tunnel Project enhancing infrastructure and demand.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Median house price in North Melbourne: $1.2 million, with apartments averaging $550,000, reflecting strong capital appreciation potential.</span></p></li></ul>