Medical Centre Revealed for Monash Neighbourhood

Plans for a medical centre have been filed for a prime location near the Monash University campus at Clayton in Melbourne’s south-east.

The project, a six-storey (including ground floor) building at 186-192 Clayton Road is slated for a medical centre, cafe and pharmacy.

There wpould also be medical tenancies for lease across a net lettable area of 4185sq m of the 10,243sq m gross floor area.

The site is near the Clayton railway station and a stop on three major bus routes.

Monash Medical Centre is also south of the site and the Monash University campus is to the north.

There would be 141 carparking spaces—66 spaces in the basement, 17 on the ground floor and 58 on the first floor—in the building.

The ground floor would also have eight electric vehicle charging stations, 28 bicycle storage spaces and two motorbike parking spaces plus another three on the first floor. 

The Hatz Architects plans show medical suites for the top three floors with an open-plan layout.

WL Newlands Pty Ltd is listed as the applicant on the documents submitted to the City of Monash.  ASIC records show that a Lili Liu based at Kew is the director and part shareholder of WL Newlands Pty Ltd.  Liu owns half of the shares in the company along with a Jian Wang.

CoreLogic’s property records show that 186 Clayton Road last exchanged hands in December 2017 for $1.4 million.

It is one of four sites amalgamated to create the 2898sq m site that is part of the application.

The other three sites were also bought for $1.4 million each—the site at 188 Clayton Road was acquired in January 2018, 190 Clayton Road in December 2016 and 192 Clayton Road in December 2017.

The amalgamated site boases a frontage to Clayton Road of 64.1 metres. 

▲ A render of the Monash station, part of Melbourne’s Suburban Rail Loop project.

Medical centres can be a profitable option for developers to build and hold or to invest in. 

HMC Capital recently acquired several properties from the US-based Medical Properties Trust in a billion-dollar deal in which Brookfield’s Healthscope committed to long-term leases. 

The City of Monash is attracting attention from developers as Monash University makes moves to develop its campus as an intermediary city with the Suburban Rail Loop stations proposed for either end of the campus.