![]() Asset Class: | Medical |
![]() Price: | $ 1650000 |
![]() Net Yield: | 5.76 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
Located in Wattle Grove, WA, 313 Hale Road presents a rare opportunity to acquire a freehold property with exceptional investment potential. Offering a long-term lease to a well-established tenant, the property boasts a new 10-year lease with options extending to 2043. The tenant, Associated Vet Group, is one of the largest privately owned veterinary providers in Western Australia, with a history of over 40 years. The property’s proximity to Perth CBD (15km) and Perth Airport (6km) further enhances its appeal, ensuring strong connectivity and convenience. Situated in a rapidly growing suburb, the site is surrounded by key amenities, including an Aldi, 7-Eleven, medical center, and childcare facilities within 500 meters. With annual reviews ensuring solid income growth, this property offers both immediate returns and future capital growth opportunities, making it an ideal addition to any investment portfolio.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
313 Hale Road, located in Wattle Grove, WA, is nestled within a thriving suburb about 15 km southeast of Perth’s CBD. Known for its family-friendly feel, Wattle Grove combines residential charm with commercial potential, making it attractive to both residents and businesses. With nearby natural attractions like Lesmurdie Falls and convenient access to major transport routes, including Roe Highway and Perth Airport, the area appeals to those seeking a connected yet peaceful community environment.<br><br>Wattle Grove has seen consistent population growth over recent years, supported by new residential developments and expanded amenities, which have, in turn, driven up demand for commercial spaces. According to recent data, the suburb has a notably low commercial vacancy rate, particularly for properties near key transit routes—a sign of the area’s strong economic appeal and solid demand for accessible, versatile business locations. <br><br>These factors, combined with the suburb’s expanding infrastructure, make Wattle Grove an attractive choice for investors seeking properties in growth areas around Perth. The low vacancy rate, in particular, underscores the strong demand from tenants eager to establish themselves in this wellconnected, community-focused locale.
Additional Location Information FileAssociated Vet Group<br><br>Associated Veterinary Group (AVG) is one of Western Australia’s largest privately owned veterinary providers, with a network of over 10 locations across the state. AVG’s facilities are comprehensive veterinary hospitals that offer a wide range of services, including general practice, pharmacy, surgery, X-ray, laboratory, and grooming. AVG’s approach helps veterinary business owners ensure a smooth transition while maintaining the values and mission of their practices.<br><br>Associated Veterinary Group (AVG) provides an independent option for veterinary business owners seeking to sell their practices. With deep expertise in operational and financial management, AVG offers tailored, supportive solutions to help veterinarians secure the future of their businesses while preserving their legacy. The group focuses on a personalized approach, contrasting traditional consolidators and allowing owners to achieve a smooth transition without sacrificing the values or mission of their practices.<br><br>For more information, (<a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.avgvet.com.au/"><u>https://www.avgvet.com.au/</u></a>).
Initial Term:
Security:
Security Info:
<span style="margin-inline-start:0cm;">Special Condition: </span><br><br><ul style="list-style-position:inside;padding-inline-start:20px;"><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="margin-inline-start:0cm;color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Subject to lease being varied so property management fees are recoverable and therefore net income is $95,000.</span></p></li></ul></ul><br><ul style="list-style-position:inside;padding-inline-start:20px;"><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="margin-inline-start:0cm;color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land parcel on side of property is subdivided separately away (435m2 see plan attached)</span></p></li></ul></ul><br>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Rental Comparisons: Subject Property: 313 Hale Road Wattle Grove – 296sqm - $338/sqm 548 Kalamunda Road, High Wycombe – 220sqm - $432/sqm 14 Paterson Street, Mundijong – 133sqm - $414/sqm (Further south, out of Perth) Sale Comparisons: Subject Property: 313 Hale Road Wattle Grove – $1.67m – 5.76% net yield (Vet) 548 Kalamunda Road High Wycombe – $1.65m – 5.53% net yield (Vet) 81 Wheatley Crescent, Bull Creek - $1.35m – 5.62% net yield (Vet)
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
Asking Price: $1,740,000<br>Price: $1,650,000<br>Net Yield: 5.76%<br>Net Yield at settlement (circa 1st June): Circa 6%<br><br>Freehold: Rare freehold at this price point<br>Length of Lease: Very long lease very rare at this price point<br>Excellent Location: Only 15kms to Perth CBD and 6kms to Perth Airport<br>Established Tenant: Tenant has been in operation for 40 years with 10+ sites across WA <br><br>Land of 1,462sqm title site<br><br>Net lettable area is 296sqm<br><br>Rare freehold at this price point<br><br>Recent circa $1m spent on renovation and fit out for the tenant<br><br>Significant growth suburb 15kms East of Perth CBD<br><br>Associated Vet Group: One of Western Australia’s largest privately owned veterinary provider with a network of 10+ locations within WA.<br><br>Longstanding practice in occupation 40+ years.<br><br>New Ten (10) year lease to Associated Vet Group to June 2034 plus option to 2043.<br><br>High annual reviews ensuring strong income growth (CPI + 1% capped at 4.5%)<br><br>Veterinary hospital incorporating general practice, pharmacy, surgery, X-Ray, laboratory and grooming<br><br>Sensational location within 500m of Aldi, 7-Eleven, Medical Centre, Childcare<br>