Entry-Level Brisbane Veterinary Investment | Leased to Global Private Equity Giant

574 - 576 South Pine Road , Everton Park QLD

Property Highlights

Leased to Aus & NZ largest vet group
Tenant on-site for 35+ years
Fixed 4% annual rent increases
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Description

Burgess Rawson are pleased to present to the market the Vet Centre at 574-576 South Pine Road, Everton Park QLD for sale via Investment Portfolio Auction 167.

This investment opportunity has the following key highlights:

+ 5 year lease to 2026 plus 5 year option to 2031
+ Everton Park Vet: wholly owned subsidiary of Australia and New Zealand’s largest vet group, Vet Partners
+ Vet Partners: wholly owned by Luxembourg based JAB Holding Company, with $50 billion+ in managed capital (Krispy Kreme, Schweppes, Gucci, Calvin Klein and more).
+ Established and successful veterinary practice having been at this location for 35 plus years
+ Fixed 4% annual rent increases ensuring income growth
+ Tenant pays usual outgoings
+ Well-presented and maintained building with extensive recent upgrades including brand new roof (2023)
+ High profile 503sqm* corner site with 40m* combined frontage underpinned by “District Centre” zoning
+ Single tenant minimum management investment
+ Desirable family-oriented suburb only 8km* from the Brisbane CBD
+ Net Income: $84,877 pa* + GST (as at April 2024)

To be sold by Investment Portfolio Auction 167
10:30am AEST Thursday 28 March 2024
The Hilton, Brisbane

For further information, please contact the Burgess Rawson team:

Shaun Venables
0411 860 865
svenables@burgessrawson.com.au

Adam Thomas
0418 998 971
athomas@burgessrawson.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
503 SQM
Building Area
200 SQM

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