Ramsay Pharmacy now leasing larger Tunstall Square premises

Ramsay Pharmacy now leasing larger Tunstall Square premises
Staff reporterDecember 7, 2020

Ramsay Pharmacy has decided to move to a bigger premises within the Tunstall Square shopping centre in Doncaster East.

Fitzroys Agency Manager, Jordan Ceppi negotiated the five-year lease with a five-year option for Shop 7, 41-63 Doncaster Road, Doncaster East at $215,000 per annum net.

The 186 sqm corner retail space is located amongst national tenants within the neighbourhood shopping centre that include Coles and Vintage Cellars, Chemist Warehouse, Baker’s Delight and Flight Centre.

Ramsay Pharmacy is part of Ramsay Health Care, Australia’s largest private hospital operator.

Ceppi said the versatile space attracted enquiry from a range of retailers looking to trade in a high exposure space within a convenience-based shopping centre, which have typically proven to be more resilient throughout retail headwinds.

“Much of Melbourne’s nation-leading population growth is being accommodated throughout the inner and middle-ring suburbs, and centred around the shopping and lifestyle precincts. People appreciate the convenience of medical and health care clinics, as well as fitness and personal services, being located nearby,” Ceppi said.

“Services have joined hospitality in increasing their presence throughout shopping centres across Melbourne in recent years, and it remains difficult for the online world to replicate those types of offerings.”

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