CBRE is pleased to offer to the market Hanrob Pet Hotels, located at 88 Mugga Lane, Symonston (Canberra) ACT, for sale by Investment Portfolio Auction 188.

The property has the following key investment highlights:

+ Brand new 15 year triple net lease to 2041, plus three further 10 year options extending to 2071
+ Hanrob Pet Hotels: Founded in 1981 in Australia and has become the largest operator of pet boarding services, operating locations across major capital cities and airports nationwide
+ Attractive triple net lease terms, tenant responsible for all outgoings including rates, insurance land tax (single holding basis) and structural repairs, as per lease
+ Annual CPI rental reviews
+ Large 10,032sqm* freehold landholding improved by impressive purpose-built pet boarding kennel, operating since 2015
+ Strategically positioned just 6.5km* from Canberra International Airport
+ Symonston: part of the Canberra Region, with a population of circa 488,000, forecast to grow to 700,000 by 2050
+ Net Income: $300,000 pa* + GST

To be sold via Investment Portfolio Auction
10:30am AEST Tuesday 27 October
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approximate