For Sale
Prime Fully Leased Government & Medical Tenant Corner Building
221 Drummond Street, Carlton VIC

** Under instruction from Liquidators **

Stonebridge Property Group, acting under the instruction from liquidators Dye & Co., are pleased to present for sale 221 Drummond Street, Carlton.

The key highlights of the opportunity include:

  • Corner government and medical building fully leased to tenants including Carlton Medical and Urgent Care Clinic (new 5-year lease), Dental Health Services Victoria, and The Physio Guys (new 5-year lease)
  • Flexible Mixed-Use zoned landholding of 1,011 sqm* allowing for future development potential of residential, commercial or mixed-use (STCA)
  • Architecturally designed two storey commercial building of 1,555 sqm* NLA located within the tightly held Carlton precinct. Comprising of 3 commercial/medical suites, all of which are fully leased to Government and medical tenants. Each suite features a separate entrance/reception area, office spaces & storage rooms
  • 23 secure basement car parks, a rare commodity within this precinct of Carlton
  • The building is only 160 m* away from Lygon Street retail precinct, 400 m* to the world-renowned Melbourne University, and is surrounded by multiple successful businesses and tourist attractions
  • Fully leased net income of $392.110* per annum


Tenant Summary:

Tenant 1 – Carlton Medical and Urgent Care Clinic

Established as the Inner Melbourne Medicare Urgent Care Clinic, began serving patients on 15th December 2023 at 1/221 Drummond Street, Carlton.

This facility supports the Australian Government’s initiative to enhance access to urgent medical care for Victorians by providing services from highly qualified doctors and nurses, thus alleviating pressure on the Royal Melbourne Hospital.


Tenant 2 – Dental Health Services Victoria

Dental Health Services Victoria (DHSV) was set up in 1996. It is the leading public oral health agency in Victoria. The Victorian Government funds Dental Health Services Victoria to provide clinical dental services.

DHSV provides dental services through The Royal Dental Hospital of Melbourne and purchases dental services from over 50 community health agencies located at 85 sites across Victoria.


Tenant 3 – The Physio Crew

Founded in 2017, The Physio Crew offers premium physiotherapy services in a vibrant and modern setting. They have a commitment to excellence in patient care and a passion for helping individuals achieve their health and wellness goals.


To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

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