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Burgess Rawson - Melbourne

Vet Partners, 24-30 Kent Road Pascoe Vale, VIC 3044

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Vet Partners, 24-30 Kent Road,
Pascoe Vale, VIC 3044

Medical & Consulting • Shops & Retail • Development Sites & Land

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Burgess Rawson - Melbourne
Shaun Venables
Raoul Holderhead
Romanor Falconer

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Vet Partners, 24-30 Kent Road
Pascoe Vale, VIC 3044

Map of Vet Partners, 24-30 Kent Road

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Longstanding Vet Clinic Over 50+ Years | Renewed Lease to Vet Partners 270+ Clinics

  • Renewed 5 year lease to 2029 + Options
  • Veterinary Practice in Occ 50+ Years
  • Large 994sqm* Corner Landholding
Burgess Rawson and Weda Property are pleased to present to market the Pascoe Vale Veterinary Hospital at 24-30 Kent Road, Pascoe Vale VIC for sale via Investment Portfolio Auction 169.

The Investment has the following key highlights:

+ Renewed 5 year lease to VetPartners to 2029 plus options to 2035.
+ Vet Partners: Leading Australian & NZ Vet network with 270+ practices and specialty hospitals.
+ Wholly owned by Swedish private equity group EQT with €210 billion under management.
+ Pascoe Vale Veterinary Hospital: Long established and thriving Veterinary practice in occupation for over 50 years.
+ Significant 994sqm* corner landholding with 10 car spaces on title and high exposure to the Kent and Derby Road intersection.
+ Well-maintained 260sqm* clinic with reception, radiology, surgery, office rooms and more.
+ Tenant pays all usual outgoings.
+ Fixed 3% annual rent increases.
+ Low 26% site coverage providing future development and/or value -add options (STCA).
+ Conveniently adjacent to Pascoe Vale North Primary School and surrounded by a strong trade catchment of 83,523 within 3km's. (1)
+ Pascoe Vale: Inner-metro Melbourne suburb, only 9kms from Melbourne CBD with a median house price of $1,040,000. (2)
+ Net Income: $76,690.56 pa* + GST.

To be Sold via Investment Portfolio 169
Wednesday 26th June, 10:30am (AEST)
Conference Hall, Crown Casino, Melbourne VIC.

*Approx
(1) GapMaps
(2) Realestate.com.au

Property ID: 504604600Last Updated: 10 Jul 2024

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