Central Park Specialist Centre is located opposite picturesque Central Park. It is a Georgian style building with 10 spacious consulting rooms. It officially opened its medical doors in June 2017 and is home to a number of medical specialists, including Malvern Heart Centre. Prior to starting its new life as medical suites, 389 Wattletree Rd operated for many years as a bank, both for the Commonwealth Bank of Australia and the State Bank of Victoria.

Central Park Specialist Centre is within close proximity to Cabrini Hospital, Malvern. It is on the number 5 tram route and is ideally positioned next to a number of popular cafés, wine bars and restaurants. There is also a pharmacy conveniently located around the corner on Burke Rd.

The building has undergone a lengthy transformation from bank to medical rooms. The renovations are sympathetic to the original style and include a large carpark at the rear of the building.