Fur Life Vet, 332 High Street, Echuca, Vic 3564

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Medical/Consulting
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Published on: 08 Nov 2024
Last updated on: 08 Nov 2024
Fur Life Vet, 332 High Street, Echuca, Vic 3564
Fur Life Vet, 332 High Street, Echuca, Vic 3564
Fur Life Vet, 332 High Street, Echuca, Vic 3564
+20
Fur Life Vet, 332 High Street, Echuca, Vic 3564
  • 20
Property ID: 504732616
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Key property information

Land Size
1,101.00 m2
Floor Area
333.00 m2
Tenure Type
tenanted

Renewed 10 Year Lease to ASX Listed Apiam Animal Health Limited

Fur Life Vet, 332 High Street, Echuca, Vic 3564
Burgess Rawson and Charles L. King & Co. First National are pleased to offer to market ‘Fur Life Vet’ located at 332 High Street (Northern Highway), 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)

Property Details

Basic Info

Property Type
Medical/ConsultingRetailShowrooms/Bulky Goods
Listing Status
On Market
Land Size
1,101.00 m2
Address
Fur Life Vet, 332 High Street, Echuca, Vic 3564
Jamie Perlinger
Sam Mercuri
Level 20, 150 Lonsdale Street, Melbourne, Vic 3000
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Contact Agent

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street, Melbourne, Vic

Jamie Perlinger
Jamie Perlinger
Sam Mercuri
Sam Mercuri

Charles L. King & Co. First National - Echuca

172 Hare Street, Echuca, Vic

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      Property ID: 504732616

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