CBRE is pleased to offer to market Myhealth Mentone (Melbourne) VIC for sale via our Investment Portfolio Auction 184.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to Myhealth to November 2030.
+ Two (2) further 5 year options to 2040.
+ Myhealth: primary care and GP-led medical centre provider with 106 locations across NSW, VIC and QLD; servicing 3M patients annually and 90% owned by ASX-listed health giant Medibank. (1)
+ Medibank (ASX: MPL): Australia’s largest private health insurer and integrated healthcare provider (~$12B market cap) with more than 4.2 million customers across Australia. (2)
+ Fixed 3.5% annual rent increases, assuring income growth.
+ Investor preferred net lease terms with Myhealth responsible for usual outgoings.
+ Immaculate 325sqm* medical practice with 565K refurbishment in 2020.
+ Significant 493sqm* ACZ freehold landholding featuring 5 on-title car spaces and direct rear access to a 150+ space public car park.
+ High-demand GP catchment attracting 262,000+ visits each year within a 3 km radius. (3)
+ Prime Mentone CBD location with Coles, Woolworths, Chemist Warehouse, Melbourne Pathology, ANZ & CBA all within 200m.*
+ Situated 85m* from Mentone Railway Station along Como Parade West, with exposure to 8,000 passing vehicles daily and strong pedestrian foot traffic. (3)
+ Mentone: an affluent bayside suburb just 21km from the Melbourne CBD, boasting a strong median house price of $1.36 million. (4)
+ City of Kingston: one of Victoria’s major employment and industrial hubs, situated 20km south of Melbourne’s CBD, home to 163,700+ residents, and a GRP of $14.2 billion. (5)
+ Net Income: $181,654 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 13 May 2026
Garden Room – Crown Casino, Melbourne

* Approx.
1 Myhealth
2 Medibank
3 GapMaps
4 realestate.com.au
5 REMPlan