CBRE is pleased to offer to the market Lumus Imaging & Helius Pathology freehold located at 737 Pascoe Vale Road, Glenroy VIC, for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ Long 9.5-year WALE underpinned by two highly complementary tenants delivering essential, non-discretionary services to the community
+ Lumus Imaging: one of Australia’s most trusted diagnostic imaging providers, operating over 150 clinics nationally and employing 2,000+ staff
+ Healius Pathology (ASX: HLS): est. 1985, one of Australia’s leading pathology providers with 1,982 patient collection centres & more than 8,000 staff
+ High profile 1,813sqm* Commercial 1 Zone freehold site with dual frontage and high exposure to Pascoe Vale Road, benefiting from approximately 26,000 passing vehicles per day
+ Immaculate 1,060sqm* facility underpinned by an extensive tenant-funded fit out exceeding $3 million, complemented by a further $3.5 million in state-of-the-art diagnostic equipment, including MRI, CT, X-ray and Ultrasound suites
+ Fixed 3.5% (Lumus Imaging) and 3% (Healius Pathology) annual rent increases ensuring continued income growth
+ Tenant pays all usual outgoings, including single-holding land tax and management fees
+ Exceptional public transport connectivity, located only 230m* from Glenroy Train Station – an easy 5 minute walk, ideal for patient accessibility
+ Strategically positioned within a key social and educational infrastructure precinct, the property is located near five schools within a 1km* radius and a further 17 schools within a 3km* radius^
+ Glenroy: Established inner city location, only 12 km* from the Melbourne CBD, with a population forecast to grow by 20% by 2036^^
+ Thriving inner north-western LGA, currently generates $14.9 billion in annual economic output with over 51,064 jobs in the area supporting 16,063 local businesses^^
+ Combined Net Income: $477,094 pa* + GST (as of July 2026)

For Sale by Private Treaty

Please contact the exclusively appointed team for more information.
* Approx
^ Gapmaps
^^ Forecast.Id