World-Class Medical Investment Offered for Sale in Melbourne’s Biomedical Precinct

Jones Real Estate is pleased to present Level 1, 185–187 Boundary Road, North Melbourne for sale via Private Boardroom Auction on Wednesday September 10^th, 2025, at 10.30am (AEST).

Located in the heart of Melbourne’s renowned Biomedical Precinct, the property is strategically positioned amongst Australia’s most prestigious medical and research institutions, including The Royal Melbourne Hospital, Peter MacCallum Cancer Centre and The University of Melbourne. This tightly held corridor is regarded as one of the Southern Hemisphere’s leading health and life sciences hubs, with excellent connectivity via multiple tram routes and major train lines providing effortless access for patients, staff and emergency services.

The full-floor facility comprises 734sqm* of net lettable area and is securely leased to B. Braun Avitum Australia Pty Ltd, part of a 180-year-old global healthcare group. The premises were purpose-built as a world-class $4 million* clinical facility specifically designed for specialist dialysis care. Expertly configured for seamless patient care and operational efficiency, the property includes dedicated ambulance loading bays, a secure patient entry, and oversized hospital-grade lifts built to accommodate beds, bariatric stretchers and life-support equipment.

With 20 secure on-title car spaces and a long-standing blue-chip tenant on a renewed lease through to 2029 with options through to 2043, the asset offers both high-specification medical infrastructure and strong income security. B. Braun has occupied the premises since 2008 and recently exercised a seven-year lease renewal. The lease generates a current net rental of $367,817.08 per annum + GST, with fixed annual increases of 3.75 per cent and a licence agreement in place for the car parking.

Braun has occupied the premises since 2008 and recently exercised a seven-year lease renewal, with options in place until 2043. The lease generates a current net rental of $367,589.39 per annum + GST, with fixed annual increases of 3.75 per cent and a license agreement in place for 20 on-title car parks. The strength and longevity of this tenancy provide income security that is both stable and highly sought-after in today’s investment landscape.

“This is a rare opportunity to secure a healthcare asset of genuine scale and quality in Melbourne’s most prestigious medical precinct,” said Paul Jones, Managing Director of Jones Real Estate.

“The strength of the covenant, the level of the infrastructure and the strategic significance of the location make this a standout investment in any market cycle,” Jones added.

For further information or to schedule a private inspection, please visit: https://www.jonesrealestate.com.au/properties/secure-medical-investment-l1-185-187-boundary-road-north-melbourne/

*Approximate