Burgess Rawson are pleased to offer to the market Greencross Vets located at 111 Beaudesert Road, Moorooka (Brisbane) QLD for sale via Portfolio Auction 172.
The property has the following investment highlights:
+ New five (5) year head office net lease to Greencross Vets to 2029 plus one (1) further five (5) year option to 2034
+ Greencross Vets: Australia's largest veterinary provider with a network of 170+ locations nationally and backed by Nasdaq-listed TPG Group
+ TPG Group (NASDAQ: TPG): established in 1992, TPG is a leading global alternative asset manager with $229 billion in assets under management which include 300+ companies and 1,800+ staff globally
+ Tenant responsible for 100% of outgoings excluding land tax
+ The greater of CPI or fixed 3% annual rent reviews, guaranteeing strong future rental growth
+ Land rich 499sqm* corner freehold site with 50 metres* of direct frontage to busy Durack Street and major arterial Beaudesert Road
+ Established and successful veterinary practice having been at this location for 30+ years
+ Recently refurbished and well maintained 212sqm* NLA single storey veterinary centre, including four (4) consulting rooms, pharmacy, surgery theatre, X-Ray room and kennel
+ Single tenant minimum management investment
+ Desirable family-oriented suburb located only 5.5km* from the Brisbane CBD
+ Moorooka: highly sought-after metro Brisbane suburb with a median house price of $1.075 million, experiencing 16.8% growth over the last 12 months
+ Brisbane City: the third largest city in Australia, with a population forecast to grow by 230% to 4.2 million residents by 2050
+ Net Income: $86,744 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
