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36 Lonsdale St 15,801 SF 4-Star Retail Building Dandenong, VIC 3175 For Sale
Investment Highlights
- Purpose-built, specialist veterinary hospital featuring advanced medical installations.
- Southeastern Melbourne location near EastLink, Monash Freeway, and key health amenities.
- Site with prominent 46-meter frontage to Lonsdale Street/Princes Highway.
Executive Summary
This freestanding, purpose-built veterinary hospital represents a rare opportunity to secure a premium, income-generating investment occupied by an essential service operator. The Veterinary Referral Hospital is part of Greencross Operations Pty Ltd, Australia’s largest integrated pet wellness network, with the lease guaranteed by Greencross Limited. The facility is custom designed and fitted with advanced medical infrastructure, signaling a strong commitment to long-term occupancy.
The property generates a passing rental of $264,873.24 per annum plus GST and outgoings, supported by a 10-year lease that commenced on September 1, 2018. This lease offers three additional five-year options, creating an income horizon through 2043 with annual CPI adjustments and market reviews at option periods.
Major features include nine consult rooms (with planned expansion to 12), four surgical theatres, an MRI suite, CT imaging, dedicated ICU for both canine and feline patients, chemotherapy suites, and onsite pathology capabilities. The hospital occupies a substantial 2,992 m² site with 46 meters of frontage onto Lonsdale Street/Princes Highway, ensuring high visibility in one of Melbourne’s busiest arterial corridors. Complemented by 40 on-site car spaces, the property benefits from proximity to Dandenong Hospital, major transport routes, and the region’s economic hub.
The asset’s secure lease, purpose-built specification, and position within a growth corridor make it a premier long-term investment with strong income security.
The property generates a passing rental of $264,873.24 per annum plus GST and outgoings, supported by a 10-year lease that commenced on September 1, 2018. This lease offers three additional five-year options, creating an income horizon through 2043 with annual CPI adjustments and market reviews at option periods.
Major features include nine consult rooms (with planned expansion to 12), four surgical theatres, an MRI suite, CT imaging, dedicated ICU for both canine and feline patients, chemotherapy suites, and onsite pathology capabilities. The hospital occupies a substantial 2,992 m² site with 46 meters of frontage onto Lonsdale Street/Princes Highway, ensuring high visibility in one of Melbourne’s busiest arterial corridors. Complemented by 40 on-site car spaces, the property benefits from proximity to Dandenong Hospital, major transport routes, and the region’s economic hub.
The asset’s secure lease, purpose-built specification, and position within a growth corridor make it a premier long-term investment with strong income security.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
15,801 SF
Building Class
B
LoopNet Rating
4 Star
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.74 AC
Parking
40 Spaces (2.53 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Contacts
-
Paul Jones -
Mimi Hoang -
Vincent Lam -
Luke Peric -
Jones Real Estate
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36 Lonsdale St
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