Entry Level Medical Investment Leased to National Veterinary Group | Renewed 7 Year Lease to 2031

Burgess Rawson are pleased to present the Gladstone Veterinary Clinic located at 60 Philip Street, Sun Valley (Gladstone) QLD for sale via Investment Portfolio Auction 168.

This opportunity has the following key investment highlights:

+ Recently renewed seven (7) year lease to September 2031
+ Two (2) further five (5) year options to 2041
+ Gladstone Veterinary Clinic: established veterinary practice with 20+ year’s experience and partnered with Vets Central
+ Vet Central: Australia’s only owned and operated veterinary group aligned with leading private equity firm Pemba Capital Partners
+ Landlord favourable CPI reviews with ratchet provisions, ensuring income growth
+ Tenant pays usual outgoings as per lease
+ Well-maintained 316sqm* NLA veterinary clinic fully equipped with examination rooms, diagnostic machines and a dedicated surgery area
+ Well-positioned 817qm* landholding with 7 on-site car spaces and direct frontage to Philip Street – a key roadway connecting the Dawson Highway to main arterials and exposure to over 10,000* passing vehicles daily*
+ Strategically located within close proximity of Gladstone’s integral social and commercial infrastructure including Gladstone Airport (2km*) and Gladstone Centre Plaza (1.5km*), underpinned by Woolworths, Big W, Kmart, Coles and 49 specialty retailers
+ Gladstone Regional Council: strong and dynamic regional economy with a population projected to increase to 75,327 people by 2041^
+ Net Income: $61,292 pa* + GST

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.
^ Gladstone Regional Council