116 Belair Road, Hawthorn presents an exceptional Investment opportunity.
The property is currently leased to Vet Partners, who own and operate 240 practices Australia Wide. They have recently purchased the existing business to capitalise on the remarkable goodwill. They are continuing to grow and given the expanding nature of the Veterinary Industry, this represents a very low risk for prospective Investors.
• Current Rental of $85,884 Per Annum plus GST & Outgoings
• 8 years remaining on the Lease (expiring 16th December 2029)
• Two (2) renewals of Five (5) years
• Comprehensive list of Outgoings paid live - schedule can be provided.
• National Tenant (240 practices Australia Wide)
• Favorable Lease Terms
• Inflation Proof - Yearly CPI reviews with Market Reviews on renewals
• Secured by a 3 month Bank Guarantee
• Building 201 square meters - built in 2004
• 896 square meter allotment
• Paved car park 10-12 car spaces
Price Guide $1,700,000 (5% Net Yield)*
- Stamp Duty free on purchase
- May be sold GST FREE- Going Concern.
An excellent passive income opportunity.
Please Contact Gerry Petropoulos on 0419 610 812
* Approximate
Disclaimer:
RLA 134 - This advert contains information and imagery which is believed to be accurate based on Lin Andrews sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own enquiries about the validity and accuracy of this information and view the property before making any buying decisions.
