As demand for veterinary services and pet products continues to rise, Greencross Vets in Williamstown delivers a prized opportunity for investors after being listed for sale through Burgess Rawson agents  Romanor Falconer, Sam Mercuri, and Shaun Venables. 

Mr Falconer said the property offers long-term income security alongside significant future development  potential, highlighting the strong activity in the veterinary sector as interest in pet services and products  remains robust. 

Recent market activity underscores the increasing demand for veterinary services and pet products, with  notable sales such as the Pascoe Vale Veterinary Hospital at $1,705,000, achieving a 4.5% yield, and  the Essendon Veterinary Clinic at $1,350,000 with a 5.1% yield, both leased to VetPartners under sale  and leaseback agreements. 

Located at 137 Railway Place, the Williamstown clinic has operated as a veterinary practice for over 30  years, with Greencross Vets, Australia’s largest veterinary provider, on-site since 2009. The tenant  benefits from the backing of Nasdaq-listed TPG Group, a global alternative asset manager with $229  billion in assets under management. 

The recently refurbished, 650 sqm veterinary hospital includes specialised facilities such as a pharmacy,  theatre, X-ray and laboratory. The 476 sqm landholding is zoned Commercial 1 (C1Z) and includes a 31  metre frontage to Railway Place.  

With a 20-year net lease in place until June 2029 and a further option to 2034, the property offers fixed  3.5% annual rent increases.  

The property's current net income is $215,798 per annum plus GST. 

Situated in the bayside suburb of Williamstown, just 8km from the Melbourne CBD, the property benefits  from close proximity to key public infrastructure, the Williamstown hospital, North Williamstown Railway  Station and a large local population of registered pets.  

The asset will be sold at Burgess Rawson’s Portfolio Auction Event at Crown Casino on October, 30 at  10.30am. 

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