All Topics / Creative Investing / Residential investment Property to Medical Practice?

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  • Profile photo of TheCuriousMindTheCuriousMind
    Join Date: 2010
    Post Count: 10


    I have a residential investment property in Pakenham very close to the station about 900m.

    Having lived in the area before I always struggled to find medical practioner and have seen a trend of residential properties being converted to medical centres.

    I was thinking to convert my 3 bedroom house which is on 800 Sqm block into a medical centre and really with a view to —

    – Provide a facility in the area
    – Hoping commercial leasing is more profitable? I am not too sure !

    I really dont have any experience and this is just a curiousity. I was wondering if you had any experiences to share to help guide me?

    Many thanks!

    Profile photo of JaxonJaxon
    Join Date: 2014
    Post Count: 284

    Firstly, you should speak with your local town planning department as I presume (could be wrong) it’s currently zoned as residential?
    This may be a major issue as you likely cannot lease as commercial if it’s not zoned for it.


    Seek professional advice.


    Wish you the best!


    Disclaimer : this is general and in no way specific advice.

    Jaxon | Jaxon Avery – Financial Adviser
    Email Me | Phone Me

    JPA Financial Services Pty Ltd

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