Brand New State-Of-The-Art Vet Clinic | 10 Year Net Lease To Proven Operator

3/121 Grices Road , Clyde North VIC

Property Highlights

10 Year Lease to May 2033 Plus Options
Annual Fixed 3% Rent Increases
Tenant Pays All Usual Outgoings
Register to Bid


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.

0411 860 865

0460 349 605

0417 308 067

0413 830 808


Property Details

Current Tenant
Occupancy Type
Land Size
294 SQM
Building Area
294 SQM

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