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Entry Level Vet Investment

60 Philip Street , Sun Valley QLD

Property Highlights

5 Year lease with options to 2041
Fixed annual increases assuring growth
Tenant pays outgoings as per lease
Register to Bid

Description

+ 5 year lease to September 2026
+ 3 x 5 year options through to 2041
+ Favourable net lease structure, with tenant paying 100% of outgoings as per lease, excluding land tax
+ Annual uncapped CPI rental adjustments
+ Large 817sqm site on major arterial road, adjacent to a busy service station and supermarket
+ One of only 2 vets in Gladstone servicing a population of circa 63,000
+ The current vets have been occupation and practicing for over 20 years
+ Located at the intersection of Philip Street and Glenlyon Road, which is exposed to over 10,000 vehicles daily
+ Vets Central – One of Australia’s leading vet partners, providing support to deliver world class veterinary services
+ Gladstone – Major Central Queensland city with a population of over 63,000 and forecast to grow to over 75,000 by 2041
+ Net Income $50,225 pa + GST + Outgoings

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
817 SQM
Building Area
1 SQM

Contact Agents

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