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24-30 Kent Road
Pascoe Vale VIC 3044
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Sold on 26 Jun 2024

24-30 Kent Road Pascoe Vale VIC 3044

  • Medical / Consulting
  • 260 m²
  • Sold

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

    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) ***

    AUCTION

    Auction date and time26/06/2024 10:30
    Auction locationCrown Casino - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area260 m²
    Land Area994 m²
    ParkingAsk Agent
    Property ID2019278362
    Category
    Last updated  10 Jul 2024
    Map for 24-30 Kent Road Pascoe Vale VIC 3044
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area260 m²
    Land Area994 m²
    ParkingAsk Agent
    Property ID2019278362
    Category
    Last updated  10 Jul 2024

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Burgess Rawson VIC Pty Ltd
    Call
    03 9613 0400
    Romanor Falconer
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 808
    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304

    More about 24-30 Kent Road Pascoe Vale VIC 3044

    24-30 Kent Road Pascoe Vale VIC 3044 is categorized as Medical & Consulting Property. It has a floor area of 260 m² and a land area of 994 m². The listing ID for this property is 2019278362.

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