Bombers buy permit-ready medical centre
The Essendon Football Club, which had its chief executive officer Xavier Campbell resign today, has purchased a permit-ready medical centre site opposite Windy Hill’s main entrance.
At 141 Napier Street, the 774 square metre block set the group back $3.05 million following a deal which settled last month.
Part of the proposed three level, 831 sqm complex is pre-committed, including to a cardiologist, dentist and pharmacy.
With 25 consulting suites, a gym fit out for physiotherapy and 20 car parks, the permit allows for nine practitioners.
The acquisition comes nearly a year since the Bombers with the City of Moonee Valley adopted a draft planning strategy to redevelop the Windy Hill stadium and precinct with recreation space and purpose-built amenity to encourage sport participation.
EFC is the second occupier to recently invest in the area – last November, Penleigh & Essendon Grammar outlaid $4.4m for a commercial building on 616 sqm at 62-64 Napier St, also abutting a campus.
Vinci Carbone’s Frank Vinci and Joseph Carbone were the agents (story continues below).
Healthcare trumps houses
Abutting a council car park, 141 Napier St was for decades until 2012 owned by Dr John White, who operated the Windy Hill Medical Centre out of a converted single storey dwelling.
Between 2018-2020, the property was the subject of a residential redevelopment, The Napier Collection, with eight three bedroom townhouses.
Last year, that proposal was reworked as an essential services product.
AlexKarbon Real Estate’s Charles Bongiovanni and Alex Puglia brokered the subsequent site sale, launching a campaign in February. ASL Real Estate’s Guido Bonanni and Daniel Gabriele are managing the lease.
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