Burgess Rawson is pleased to offer to market Petstock (including sub lease to Fur Life Vet), located at 1 & 2/10-12 Winki Way, Torquay VIC for sale via Auction Investment Portfolio 172.
The property has the following key investment highlights:
+ Seven (7) year net leases to Petstock to December 2027 plus options to 2041.
+ Petstock: pet food retail giant with 276 stores across AUS, ASX listed Woolworths recently acquired majority ownership for $586M.
+ Includes complementary sub-lease to Fur Life Vet clinic.
+ Fur Life Vet: wholly owned subsidiary of ASX listed Apiam Animal Health, Australia's largest rural and regional veterinary group with 78 locations. (1)
+ Investor preferred net lease terms with Petstock paying all usual outgoings including insurances as per the leases.
+ Favourable annual CPI reviews.
+ Immaculate 1,130sqm* premises across two units including Petstock showroom and sub lease to Fur Life Vet clinic.
+ Important rear loading via two roller doors.
+ Direct access to 55 sealed and lined car spaces.
+ As new, with 2020 construction completion.
+ Directly adjoining ALDI supermarket and amongst Bunnings, Shell/Mycar, Reece Plumbing, Tyrepower and Torquay Medical Hub.
+ High profile position with direct exposure to Surf Coast Highway, with 25,500 vehicles passing daily. (2)
+ Booming Torquay North growth corridor location with population forecast to surge 39.86% by 2046 to 25,992 residents. (3)
+ Torquay: iconic seaside destination, gateway to Great Ocean Road, median house price up 49% to $1.2m over past 5 years. (4)
+ Surf Coast Shire: Australia's surfing capital and popular tourist destination with an annual economic output of $3.95 billion (3)
+ Potential 50% stamp duty saving.
+ Net Income: $260,880pa* + GST (as at Dec 2024 based upon forecast 3% CPI increase)
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne
Also available as part of Burgess Rawson's October Portfolio auction:
4/10-12 Winki Way, Torquay VIC (Little Starfish Swimmers)
1. Apiam Animal Health
2. GapMaps
3. Remplan
4. ***
