CBRE from CBRE are delighted to offer to market ‘Melbourne Veterinary Specialist Centre’ at 66-70 Blackburn Road, Glen Waverley (Melbourne) VIC for sale via Investment Portfolio Auction 179.

The property has the following key investment highlights:

+ New Eight (8) Year lease to June 2033, plus Two (2) further Five (5) Year options to 2043.
+ Melbourne Veterinary Specialist Centre: recently acquired and wholly owned by Greencross Vets, Australia’s largest veterinary provider with a network of 170+ locations
+ Prime 2,178 sqm* high value corner landholding with 22 car spaces on-title.
+ Specialised veterinary hospital facility incorporating 7 consulting rooms, 3 operating theatres, and leading services in medicine, oncology, imaging and 24/7 emergency care.
+ Set for a significant tenant funded building extension and refurbishment – anticipated completion December 2025.
+ Prominent freehold title central to Hungry Jack’s, BP and diagonally opposite complementary Animal Emergency Centre.
+ Fixed 3.25% annual rent increases ensuring income growth.
+ Landlord-favourable net lease terms, with tenant responsible for usual outgoings.
+ Frontage to major arterial road, Blackburn Road with 19,200 vehicles passing daily.²
+ Glen Waverley: desirable family-oriented suburb, with a medium house price of $1,695,000 and situated only 18 kilometres from the Melbourne CBD.(3)
+ Net Income: $292,485 pa* + GST.

To be sold via Investment Portfolio Auction 179
10:30am AEST 16 September 2025
Garden Room, Crown Casino, Melbourne

*Approx
¹afr.com
²GapMaps
(3)realestate.com