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Renewed 5 Year Lease – Rare Bayside Vet Investment

2261 Point Nepean Road (Nepean Highway), Rye VIC

Property Highlights

Tenant pays all usual outgoings
Capital intensive tenant fit out
Business operating 33+ years
Register to Bid

Description

+ Renewed 5 year lease to 2024 plus options to 2034
+ Rye Veterinary Clinic: Trusted clinic, in operation since 1987
+ Tenant pays all usual outgoings as per lease agreement
+ Annual CPI rent adjustments
+ Pristine 123 sqm veterinary clinic with capital intensive fit-out
+ 1 car park on-title accessed via public car park to rear
+ Essential, non-discretionary investment
+ Prime beachfront position nearby Woolworths and BP – directly across from Rye foreshore campground
+ Direct access to 67 public car parks to the immediate rear
+ Rye: High end holiday destination with 1.57 million+ visitors annually
+ Estimated NET Income: $59,555pa + GST

Auction 10.30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical Centre
Building Area
123 SQM

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