Burgess Rawson are delighted to offer to market 'Greencross Vets' located at 137 Railway Place, Williamstown VIC by Private Sale.
The property has the following key investment highlights:
+ Extended Twenty (20) year lease to Greencross Vets to June 2029 plus option to 2034.
+ Greencross Vets: Australia's largest veterinary provider with a network of 170+ locations nationally, and backed by Nasdaq-listed TPG Group. (1)
+ TPG Group (NASDAQ:TPG): est. 1992, TPG is a leading global alternative asset manager with $229b in assets under management which include 300+ companies and 1,800+ staff globally. (2)
+ Recently refurbished and well-maintained 650sqm* veterinary hospital including specialised rooms for pharmacy, surgery, X-Ray, laboratory, self-serve grooming and more.
+ High value 476sqm* C1Z landholding with a prominent 31m* frontage and future development potential (STCA), situated beside two-modern 3 and 4 level mixed use/residential developments.
+ Investor preferred lease terms with Greencross Vets responsible for usual outgoings.
+ Fixed 3.5% annual rent increases, ensuring income growth.
+ Established and highly successful veterinary practice in operation 30+ years.
+ Strategic 'tenant choice' location, only vet site within a 2km* radius and located nearby important public infrastructure, Williamstown North Railway Station (150 metres*), Williamstown North Primary School (250 metres*), Williamstown Hospital (500 metres*), Coles and Woolworths (650 metres*).
+ Williamstown: west Melbourne's premier bayside suburb, only 8kms* from the Melbourne CBD and home to 11,759 residents, with a median house price of $1.595 million. (3) (4)
+ Significant household pet count within the Hobsons Bay City Council with 14,172 registered pets and counting. (5)
+ Net Income: $215,798 pa* + GST.
By Private Sale.
Burgess Rawson
Romanor Falconer | 0413 830 808
Sam Mercuri | 0413 830 709
Shaun Venables | 0411 860 865
* Approximate
1 Greencross Vets
2 TPG
3 Forecast.id
4 ***
5 Hobsons Bay City Council
