252 Wickham Road Highett VIC 3190

CBRE Australian Healthcare & Social Infrastructure is pleased to offer for sale 252 Wickham Road, Highett A trophy Hospital Investment fully leased to the Greencross Pet Wellness Company (Trading as AEC Animal Emergency Centre).

With a demonstrated track record of success spanning over 50 years from the same location, the property features brand-new hospital and consulting improvements, akin to those seen in a a traditional Private Hospital. A land-rich and high exposure location coupled with one of the commercial property markets most desirable tenants, make this an appealing opportunity for any astute investor.

Overview:

+A-Grade improvements with the subject property fully repurposed to the highest of day hospital standards including 3 operating theatres, 2 imaging rooms and supporting consulting and office amenity

+Fully leased to Greencross Pet Wellness Company (Trading as Animal Emergency Centre) one of the Australia's largest veterinary providers with 24 hospitals and 260 clinics in operation*

+Annual income of $553,350 + Outgoings and GST with fixed 3.5% annual increases

+New Ten (10) year lease with two (2) further five (5) year options with an underlying land area of 1,820sqm*

+Greencross is majority owned by TPG Capital with USD $239 billion under management with additional security provided via minority owners Australian Super and The Ontario Teachers Pension Plan

Location:

+Existing site history with Greencross having relocated from the adjoining property with a 50+ year trading history of success

+Brand new development precinct with the subject property featuring new roadways, infrastructure, parking and a mixture of 8 large format retail and industrial offerings at the rear

+Established high exposure location across a mixture of retail users with circa 25m* street frontage

+Surrounded by a hive of leading retailers including Campion Education, Fort Knox, Vinnies and more

+Land-rich inner-city location with Highett featuring a median house price of circa $1,500,000 as at Jan-25

For Sale via international expressions of interest closing Tuesday 8th April 2025 at 2:00pm (AEDT)

For further information, please contact the exclusive sale/leasing and marketing agents:

Sandro Peluso
+61 418 389 757

Marcello Caspani-Muto
+61 417 065 777

Jimmy Tat
+61 439 399 118

approx*