- Property Type: Retail, Health/Medical, Other
- Sub-type: Health Care & Medical, Consulting Rooms, Mixed Use
- Est. Income: $311,707 p/a
- Tenant: I-Med PET Centre
- Land Area: 369 m² (approx) Floor Area: 369 m² (approx)
- Selling Method: EOI
- Selling Details: Contact Exclusive Selling Agents
Investment Highlights
New & Affordable Specialised Imaging Centre Adjoining Major Hospital
- Two National Operators
- 1 of 25 PET Locations in VIC
- Positioned Adjoining 186-bed Hospital
New & Affordable Specialised Imaging Centre Adjoining Major Hospital
Two National Operators
1 of 25 PET Locations in VIC
Prized Position Adjoining 186-bed Hospital
JLL is proud to exclusively present for sale I-Med PET Centre at 19 Jessie Street, Coburg, a recently completed, highly specialised healthcare asset adjoining the 186-bed John Fawkner Private Hospital, just 6km* from the Melbourne CBD.
As one of only 25 PET scanning locations in Victoria, the centre delivers a scarce and essential service. With an estimated one in two Australians diagnosed with cancer by the age of 85**, PET imaging plays a vital role in detecting, treating and monitoring disease, and demand for these scans continues to grow.
I-Med PET Centre Coburg is for sale by Expressions of Interest (EOI) closing Thursday 19 November 2026 at 2:00pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Highly specialised PET imaging centre adjoining John Fawkner Private Hospital
One of only 25 PET imagining locations in Victoria^, which is vital in the diagnosis and treatment of cancer.
100% leased to market leading and national operators I-Med and Australian Clinical Labs
I-Med Radiology Network comprises more than 240 locations across Australia and provides a 5-year lease with options until 2045
Current passing income of $311,707 per annum* + GST
Recently completed single-level centre with significant tenant investment
High exposure position with on title car parking accessed via the John Fawkner Private Hospital car park
Rarely offered affordable and highly specialised healthcare asset adjoining the 186-bed major acute John Fawkner Private Hospital
Ideally located just 6km* from the Melbourne CBD and being just moments from both Moreland Train Station and Sydney Road retail precinct
Specialised PET Imaging Investment Next to a Major Private Hospital
19 Jessie Street, Coburg VIC 3058
At a glance
- Newly built specialised imaging centre at an accessible price point
- Fully leased to two national healthcare operators
- One of just 25 PET scanning sites in Victoria^
- Directly next to the 186-bed John Fawkner Private Hospital
The opportunity
JLL is pleased to exclusively offer the I-Med PET Centre at 19 Jessie Street, Coburg. It’s a newly completed, purpose-built healthcare investment next to the 186-bed John Fawkner Private Hospital, about 6km* north of the Melbourne CBD.
Victoria has only 25 PET scanning sites, so this centre provides a service that is both scarce and essential. An estimated one in two Australians will be diagnosed with cancer by age 85**. PET imaging is central to how that cancer is detected, treated and monitored, and demand for scans keeps growing.
The property is offered for sale by Expressions of Interest, closing 2:00pm (AEDT), Thursday 19 November 2026. For more information or to book an inspection, contact the exclusive selling agents.
Why this asset stands out
- Purpose-built PET facility. The centre was built for advanced diagnostic imaging and sits directly next to John Fawkner Private Hospital, a major acute-care hospital with 186 beds.
- Rare service. It’s one of only 25 PET imaging sites in Victoria^ and plays a critical role in cancer diagnosis and treatment.
- Two national tenants. The building is fully leased to I-Med and Australian Clinical Labs, both market leaders in their fields.
- Long-term lease. I-Med runs more than 240 sites nationally. It has committed to a 5-year lease with options through to 2045.
- Secure income. Current passing income is $311,707 p.a.* + GST.
- Tenant investment. The single-level building is newly completed, and the tenant has spent heavily on the fit-out, which supports long-term occupancy.
- Visibility and parking. The site is highly visible, and on-title car parking is accessed through the John Fawkner Private Hospital car park.
- Convenient location. It’s about 6km* from the Melbourne CBD and close to Moreland Station and the Sydney Road shopping strip.
Frequently asked questions
What is a PET Centre, and why does it matter to an investor?
PET (positron emission tomography) scans are a specialised form of imaging used mainly to diagnose, stage and monitor cancer. The equipment is costly and the sites need regulatory approval, so there are few PET centres. Tenants who have paid for one tend to stay put.
Who are the tenants?
The property is 100% leased to I-Med Radiology Network and Australian Clinical Labs. Both are national healthcare operators.
What are the lease terms?
I-Med holds a 5-year lease with options that extend to 2045. Ask the selling agents for the full lease details and the tenancy schedule.
What is the current income?
Passing income is approximately $311,707 per annum* + GST.
How is the property being sold?
By Expressions of Interest, closing at 2:00pm AEDT on Thursday 19 November 2026.
Is there parking?
Yes. On-title car parking is accessed through the John Fawkner Private Hospital car park.
Can I inspect the property?
Yes. Inspections are by appointment through the exclusive selling agents.
How far is it from the Melbourne CBD?
About 6km*, with Moreland Station and Sydney Road a short distance away.
Why invest in commercial property in Coburg?
- Healthcare hub. Hospitals and the medical services around them draw on steady, needs-based demand. Tenants close to a major hospital rarely leave, because being next to it is their business advantage.
- Designated growth area. Coburg is a Major Activity Centre under Plan Melbourne. That status steers more housing, jobs and services into the suburb, which supports demand for commercial space and long-term land values.
- Rising population. Melbourne’s inner north keeps attracting young professionals and families. This is pushing up local demand for health, retail and everyday services.
- Transport links. The Upfield train line, the Sydney Road tram and quick access to CityLink and the Western Ring Road give tenants, staff and patients easy access.
- Established high street. Sydney Road is one of Melbourne’s best-known retail strips, bringing steady foot traffic and a well-established commercial area.
- Accessible price. Coburg assets usually cost less than similar inner-city property, which makes it easier for private investors and SMSFs to buy into a growth suburb.
- Defensive income. Healthcare tenancies, especially diagnostic imaging, have historically held up well through economic cycles. That makes them a stable addition to a portfolio.
*Approximate. **Source as per original campaign material. ^Per original campaign material.