A medical practice in the heart of Ferntree Gully is on the market for the first time in 33 years with the potential to convert the property back to a residential home.
Marketed through Patrick McConnachie of Ray White Ferntree Gully, the property is owned by Dr Martin Walter.
“The property was originally a residential home before Dr Walter converted it to his medical practice in 1981. It would be easy to reconvert back into a family home.
“As it stands the buyers would need to put in a new kitchen and bathroom but the opportunity does exist to build a brand new dream home on the block of land.
Located at 3 Victoria Street Ferntree Gully, the property is a three bedroom residence with one toilet and has price expectations of between $380,000 and $420,000.
“The property is affordable and allows buyers with the capacity to do so, to invest in renovations or rebuilding. The median house price in Ferntree Gully is currently $505,000, so this property offers great value.”
“The Ferntree Gully market is strong, with a particular demand for renovated homes so the resale potential of the property could also be attractive to buyers,” Patrick explains.
Not ruling out the potential for the property to continue as a medical centre, Patrick says the classic weatherboard home currently features a generous lounge with reception desk, three consulting rooms, a records room plus an office or staff room.
“A medical practitioner could move in tomorrow and be ready for business. Each consulting room has a hand basin and sink and there’s also ducted heating, a rear entry deck with ramp and ample parking for multiple cars,” he said.
For sale via private treaty, 3 Victoria Road, Ferntree Gully can be inspected by contacting Patrick McConnachie on 0408 686 133
