Permit Approved Medical Centre with Significant Mixed-Use Redevelopment Potential (STPA)

Positioned within the heart of Melbourne’s internationally recognised Monash Medical Precinct and the transformative Suburban Rail Loop (SRL) Health & Innovation Precinct, 3–5 Murray Street, Clayton presents an exceptional opportunity to secure a landmark development site combining immediate holding income, a permit-approved medical development and significant long-term redevelopment potential.

Offered as one substantial landholding, these side-by-side properties comprise approximately 1,423sqm with an impressive 33.8m (approx.) frontage, creating an outstanding development canvas within one of Melbourne’s most tightly held healthcare and education precincts. Three existing buildings provide valuable holding income, allowing investors and developers to generate immediate cash flow while planning the site’s future transformation.

A key feature of the offering is the existing planning permit for a contemporary four-level medical centre designed to accommodate 61 medical practitioners, enabling purchasers to fast-track a premium healthcare development within one of Australia’s largest and fastest-growing medical precincts.

Importantly, while the existing permit provides an immediate development pathway, purchasers may also have the opportunity to pursue an alternative or amended planning permit that delivers an enhanced development outcome, subject to further planning assessment (STPA), capitalising on the site’s strategic location within the evolving SRL Health & Innovation Precinct.

Located within the SRL Health & Innovation Precinct, the property offers exceptional flexibility for future redevelopment (STPA), with potential for:
• Permit-approved four-level Medical Centre for 61 Medical Practitioners
• Specialist Medical Suites
• Private Hospital or Day Surgery
• Diagnostic Imaging and Pathology Facilities
• Allied Health and Rehabilitation Centres
• Medical Consulting Rooms
• Medical and Commercial Offices
• Research and Development Facilities
• Health Education and Training Facilities
• Student Accommodation (STPA)
• Residential Apartment Development (STPA)
• Mixed-Use Employment Developments incorporating Healthcare, Commercial, Retail and Hospitality Uses (STPA)

Ideally positioned within walking distance of Monash University, Monash Medical Centre, the Victorian Heart Hospital, Mannix College, John Monash Science School, Clayton Train Station, the future Suburban Rail Loop Station, Clayton Road’s vibrant retail and dining precinct, M-City Shopping Centre, IKEA, Fregon Reserve and multiple bus services, with seamless access to Princes Highway and the Monash Freeway.

Rarely does a landholding of this scale combine immediate holding income, a permit-approved healthcare development and exceptional redevelopment flexibility within one of Australia’s premier health, education and innovation precincts. Whether you’re a developer, institutional investor, healthcare operator or strategic landholder, 3–5 Murray Street, Clayton represents a landmark acquisition offering immediate development certainty, multiple future development pathways and outstanding long-term capital growth potential.

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Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist