31 Main Street Mawson Lakes SA 5095

CBRE Metropolitan Investments are pleased to offer to market 31 Main Street, Mawson Lakes via Expression of Interest (EOI). This fantastic investment was constructed as a purpose-built Veterinary Clinic and Hospital with upstairs office in 2004 and has been used as such ever since.

The premises is occupied entirely by VetPartners (Pet General V4P Pty Ltd) on two separate lease structures for the vet practice and upstairs office/training facility. Additionally, the property is surrounded by apartment complexes meaning the site is one of the better long term development sites remaining in Mawson Lakes.

We further highlight the below for an astute investor's consideration:
- Passing net rental of $155,500pa* from both leases
- National tenant is VetPartners (Pet General V4P Pty Ltd) with over 250 practices across Australia and New Zealand
- 5-year lease downstairs on Vet Practice expiring 30th June 2027 and 2-year lease upstairs for office and training facility 30th June 2024
- Both leases with further options of 5+5 (downstairs) and 3 years (upstairs)
- Both leases reviewed annually by CPI
- Total lettable area of 490sqm *
- Tenant pays their portion of statutory outgoings (excluding Land Tax) based on percentage of total area occupied
- 6 onsite car parks
- Urban Neighbourhood zoning allowing for maximum building height of 10-storeys

For Sale via Expression of Interest (EOI) closing 18 August 2022 @ 4:00pm

Please contact the sole marketing agents with any other questions:
Mitch Curnow: +61 415 494 056
Harry Einarson: +61 421 747 442