Medical Asset | $1,150,000 | Net Yield: 6.00% | TAS

This well-located medical investment presents a rare opportunity to secure long-term income from an essential healthcare operator within one of Tasmania’s fastest-growing municipalities.

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Positioned along Sorell’s main commercial strip, the property sits on a substantial 981 sqm landholding and includes a purpose-built veterinary facility with approximately 192 sqm of clinical and administrative accommodation. The asset also benefits from around 570 sqm of undeveloped rear land, providing genuine long-term development or expansion potential.

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The property is leased to Tasmanian Veterinary Hospitals Pty Ltd, a well-established veterinary group with more than 40 years of operating history and a strong local reputation. The tenant has operated from this location for approximately 36 years, reflecting deep community ties and strong tenant retention.

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Generating a net income of $69,259 p.a., the asset delivers a 6.00% net yield under a triple-net lease structure, with the tenant responsible for all outgoings except management fees. Annual rent reviews apply to the higher of 3% or CPI, with no downward ratchet, providing reliable income growth and protection against inflation.

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The property’s specialised veterinary fit-out, including consultation rooms, surgery spaces and medical infrastructure, represents significant capital investment by the tenant, reinforcing long-term occupancy. Veterinary practices are typically location dependent and equipment intensive, creating strong tenant stickiness and income security.

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Strategically located within the rapidly expanding Sorell municipality, the asset benefits from strong population growth, increasing residential development and low commercial vacancy. Its proximity to Hobart and position within a key service corridor further supports ongoing demand for essential healthcare services.

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With secure income, a defensive medical tenant and valuable future land upside, this investment offers a well-balanced opportunity for investors seeking stable returns within the healthcare sector.

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