Tenanted Investment - 10 Year Lease
ASX Listed Apiam Animal Health Limited
Charles L. King & Co. First National are pleased to offer to market 'Fur Life Vet' located at 332 High Street Echuca for sale via Auction.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.
