Colliers has brought to market two high-calibre assets on behalf of Hawthorn Football Club; the Waverley Park elite training facility and the Goodlife Health Club in Melbourne's Mulgrave. Both assets will be offered separately to the market.
Presenting unique opportunities for investors and operators in the sports, health, and wellness sectors, Waverley Park is designed for elite performance and features a high-performance gym, recovery pool, indoor training areas, and medical facilities. The complex also includes a full-sized, state-of-the-art oval, player lounges, meeting rooms, and executive offices, providing a comprehensive space for training, recovery, and administration. The four-level, 3,412 sqm asset, sold with vacant possession, comes with an oval of 25,655 sqm and 48 car parks.
Goodlife Health Club - Waverley Park is an adjoining modern fitness facility offering state-of-the-art equipment, group fitness studios, personal training services, and recovery amenities. The 1,266 sqm facility is fully leased to Goodlife Health Club until September 2026 with two further terms of five years. Goodlife Health Club has enjoyed a strong relationship with the location having resided within the asset for the last 19 years.
Rob Joyes, Colliers State Chief Executive | Victoria, said, "This is a rare opportunity to acquire a professional sporting club's iconic training hub and a premium investment in the health sector. The separate assets have deep ties to the community and versatile spaces that cater to a broad spectrum of potential buyers and uses."
"The existing training and administration facilities at the Waverley Park site offer a unique opportunity to immediately capitalise on infrastructure and potentially address critical healthcare needs in Mulgrave and surrounding areas. These facilities include a swimming pool and gym, resources that can be seamlessly adapted to serve the allied health sector," Mr Joyes added.
Ben Baines, Colliers Director, Melbourne Metro Sales | Investment Services, said, "The location of Waverley Park is particularly advantageous. It offers excellent connectivity to major roads and public transport, making it easily accessible for both local residents and those from surrounding areas. The proximity to key amenities and the vibrant community further enhances its appeal, providing a strategic advantage for potential buyers."
“We see potential buyers for the training facility to be other elite sporting organisations, sporting groups, health and wellness operators as well as traditional office occupiers,” said Mr Baines.
Lucas Soccio, Colliers Executive, Melbourne Metro Sales I Investment Services. “Securing a premium investment opportunity in a well-established Melbourne precinct is sought-after, and the presence of a strong national operator like Goodlife Health Clubs further enhances the appeal and stability of this asset.”
Located in Mulgrave, within a 10-minute drive of a large catchment area, the site has the potential to address significant undersupply in essential health services such as psychology, physiotherapy, radiology, and general practice. This prime position ensures accessibility for patients while creating a centralised hub for healthcare providers.
The existing facilities can easily be adapted to include specialised rooms for consultations, diagnostic services, and multidisciplinary care (STPA). Opportunities exist to integrate mental health services, which are in high demand, alongside physical rehabilitation services to provide a holistic patient care approach.
Jacob Attwood, Chief Operating Officer, Hawthorn Football Club, said, “Waverley Park has been a great home for our football club and has served the Club very well. As the Club prepares for our imminent relocation to our new facility at Dingley, it is the right time to explore what the future for the current Training & Administration facility looks like.”
Colliers Rob Joyes, Ben Baines, Lucas Soccio, James Zhuang and Ian Sanders are managing the two separate Expressions of Interest campaigns, closing on Thursday 3rd April at 2 pm (AEDT).
