Entry-Level Medical Investment Leased to Established ASX Listed Veterinary Group

Burgess Rawson are pleased to present the Scenic Rim Veterinary Clinic located at 16 Elliot Road, Boonah QLD for sale via Investment Portfolio Auction 168.

This opportunity has the following key investment highlights:

+ Five (5) year net lease to July 2026
+ Two (2) further three (3) year options to July 2032
+ Scenic Rim Veterinary Service: established local veterinary clinic with 2 locations across South-East Queensland and in partnership with ASX listed healthcare group Apiam Animal Health
+ Apiam Animal Health (ASX: AHX): Australia’s largest rural & regional veterinary groups with 70+ clinics nationally and a gross profit (FY23) of $125.3 million (28.6% increase YoY)
+ Landlord favourable CPI reviews with ratchet provisions, ensuring consistent income growth
+ Tenant pays 100% of all outgoings including land tax
+ Well maintained 120sqm* NLA veterinary clinic, fully equipped with examination rooms, diagnostic machines and a dedicated surgery area
+ Single tenant minimum management investment
+ Well-positioned 6,000sqm* landholding, with extensive parking and direct access to the adjoining Coronation Drive (direct exposure to over 4,000 vehicles daily)*^
+ Located within proximity of Boonah’s integral social and commercial infrastructure, including Boonah CBD (1.6km*), underpinned by IGA and Mitre 10, Boonah Health Centre (1.5km*), Boonah Showgrounds (1.5km*)
+ Scenic Rim Regional Council: strong and dynamic regional economy with a population projected to increase exponentially to 67,000 by 2041^^
+ Net Income $43,903 pa* + GST (as at July 2024)^^^

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 16 May 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^ Gapmaps
^^ Scenic Rim Regional Council
^^^ (Assumed 4% CPI Increase as at July 2024)