488 Main Road Montrose TAS 7010

Elders Commercial is pleased to present for sale two fully leased Veterinary clinics, offered in one line, 488 Main Road, Montrose & 57 Burnett Street, New Norfolk.

These high-performing, low-maintenance properties are leased to a long-standing established national veterinary operator "VetPartners" on a net lease, with options extending to 2037. Together they offer high quality improvements, strategic locations and a strong tenant covenant.

Key property highlights:

Both properties are positioned in high-exposure precincts with excellent access to major arterial routes and key services.
100% leased to long term tenant and established operator "VetPartners" with 270+ clinics across Australia, New Zealand and Singapore.
Favourable net lease structure with the tenant responsible for all statutory outgoings and insurance costs, ensuring low operating costs for the owner.
New Norfolk site offers practical improvements plus surplus rear land for future development (STCA).
Montrose was significantly extended in 2012 and built to a very high, modern standard
Offered well below today's construction replacement cost, presenting a rare opportunity to acquire quality assets with immediate built-in value.

The properties are offered for sale by Expressions of Interest closing 24th July 2025 at 4pm (AEST).

For more information, please contact Richard Steedman or George Burbury.