Burgess Rawson are delighted to present to the market the Berwick Clyde Vet at 3/121 Grices Road, Clyde North (Berwick) VIC for sale by Investment Portfolio Auction 165.
This investment has the following highlights:
+ Long 10-year lease to May 2033 plus options to 2053.
+ Brand new 294sqm* state-of-the-art vet clinic, comprising surgery, X-ray, nursery station, lab, dog/cat ward, treatment, consulting, office rooms and more.
+ Berwick Clyde Vet: successful vet practice providing an entire range of veterinary services with a sister location in Lynbrook.
+ Annual fixed 3% rent increases, assuring rental growth.
+ Landlord favourable net lease terms with the tenant paying all usual outgoings.
+ Single tenant minimum management investment.
+ Prime position adjoining Snap Fitness and complimented by surrounding users Splash's Swim School, Aspire Childcare Centre, café's, restaurants and more.
+ Recent construction providing major tax depreciation benefits.
+ Significant household pet count within the City of Casey, with 37,136 registered pets and counting.**
+ City of Casey, Melbourne's major south-east growth LGA, with population forecast to increase 45% to 574,124 by 2046.****
+ Net Income: $132,300 pa* + GST.
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms Melbourne
For more information, please contact the exclusive selling agents below.
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
*Approx
**data.casey.vic.au
***health.gov.au
****forecast.id
