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For SaleSunbury · VIC 3429

86-88 Riddle Road

A Landmark Medical Development Opportunity in the Heart of Sunbury
For SaleSale By Set Date
0 Beds0 Baths0 Cars1,168

About this home

FOR SALE BY SET DATE - October 15, 2026 Unless Sold Prior

An exceptional opportunity to secure a substantial 1,168 sqm site with an approved planning permit for a purpose-built medical centre*, positioned in a prominent and highly accessible Sunbury location.

Offering approximately 612 sqm of proposed medical accommodation*, the approved development comprises a modern two-level facility with multiple consulting and tenancy areas, reception and waiting areas, lift access, optional dispensary/pharmacy space and approximately 20 on-site car spaces.

Importantly, the property also offers immediate holding-income potential. The existing improvements comprise a spacious five-bedroom family residence plus a separate self-contained one-bedroom unit, providing an attractive opportunity to lease the property while considering or preparing for the future medical development.

APPROVED MEDICAL CENTRE HIGHLIGHTS

Planning permit already approved

Substantial 1,168 sqm landholding*

Approximately 612 sqm proposed covered area*

Modern two-level medical centre

Multiple consulting rooms and flexible tenancy areas

Ground-floor reception and patient waiting area

Provision for dispensary/pharmacy space

Six consulting rooms on the first floor

Dedicated first-floor waiting area

Lift access between levels

Approximately 20 on-site car spaces

Excellent exposure and accessibility from Riddell Road

EXISTING RESIDENCE – HOLDING INCOME POTENTIAL

The current property provides substantial residential accommodation that may appeal to tenants and offers potential rental income while the purchaser determines the timing of the approved development.

The main residence features:

Five bedrooms, including master with walk-in robe and ensuite

Central family bathroom with separate toilet

Well-equipped kitchen with excellent storage, freestanding gas cooktop, rangehood and dishwasher

Spacious open-plan living and meals area

Separate formal dining room

Additional rumpus room

Laundry with storage

Outdoor entertaining deck

Established gardens and vegetable boxes

Ducted heating

The property also includes a separate one-bedroom unit, featuring a bedroom with built-in robe and ensuite, kitchen with ample storage, living/meals area and split-system heating/cooling. The unit also provides flexibility for use as a home office, additional accommodation or separate rental space, subject to applicable requirements.

STRATEGIC SUNBURY POSITION

Conveniently located close to Clarke Oval Reserve, public transport, schools, shops and Sunbury Township, the property combines an established residential location with an exciting future healthcare development opportunity.

With Sunbury continuing to experience significant growth, 86–88 Riddell Road presents a compelling proposition for developers, medical operators, investors and land bankers seeking a site that offers both future development potential and an existing property with holding-income possibilities.

LIVE. LEASE. DEVELOP.

Secure Today - Generate Potential Income - Develop Tomorrow

FOR SALE BY SET DATE - October 15, 2026 Unless Sold Prior

Contact Q6 Real Estate for further information, approved plans and sale details.

All areas and measurements are approximate. Rental potential is subject to market conditions and applicable requirements. Prospective purchasers should undertake their own due diligence.

Features

  • Air Conditioning
  • Aircon
  • Built In Robes
  • Deck
  • Floorboards
  • Fully Fenced
  • Heating
  • Parking

Floorplan

Floorplan 1

Location

Mortgage estimate

Estimated repayment$4,796 /mo
Bank
Interest rate
6.00%
Calculate using
Loan term

Based on a $1,000,000 purchase price and CommBank CommBank home loan rate for owner occupied, principal and interest, variable rate. Monthly repayment uses the 6.00% interest rate. Rate source: fallback rate; updated latest available. Indicative only - not financial advice, a quote, or an offer of credit. Actual rates depend on lender eligibility and assessment.

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