Burgess Rawson and Charles L. King & Co. First National are pleased to offer to market 'Fur Life Vet' located at 332 High Street, Echuca VIC for sale via Auction Investment Portfolio 173.
The property has the following key investment highlights:
+ Renewed 10-year lease to 2034 plus two (2) further five (5) year options to 2044.
+ Long established and thriving veterinary practice on-site 18+ years, demonstrating a strong commitment to the location and successful business operations.
+ Fur Life Vet: a wholly owned subsidiary of the ASX listed Apiam Animal Health Limited, one of Australia's leading rural veterinary businesses with 78 sites nationally.
+ Landlord favourable net lease terms, with Fur Life Vet responsible for all outgoings including council rates, building insurance and single holding land tax.
+ Fixed 3.5% annual rent increases, ensuring continued income growth.
+ Well-maintained 333sqm* clinic with reception, impressive radiology and surgery facilities, office amenities and 8 on-site car spaces with an additional 8 street car spaces.
+ High profile 1,101 sqm* corner highway site with 17,600+ vehicles passing daily. (1)
+ Located only 200 metres* from Echuca Regional Health, the municipalities main hospital currently undergoing $15.3 million+ upgrade. (2)
+ Absolute CBD location with Bunnings, BCF, Big W, Coles & Woolworths all within 725m*.
+ Echuca: popular Murray River tourist location with a trade catchment of circa 60,000* people plus year-round holiday influx.
+ Campaspe Shire Council: supports 17,000+ jobs (3) and home to 9,993 registered pets. (4)
+ Potential 50% stamp duty savings.
+ Net Rent: $100,000 pa + GST.
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 11 December 2024
River Room - Crown Casino, Melbourne
*Approx
1Gapmaps
2 Vic.gov.au (https://www.premier.vic.gov.au/infrastructure-funding-boost-echuca-regional-health)
3 REMplan
4 DAMP 2021-2025 Review (November 23, pg11)
