Veterinary Referral Hospital (VRH), 36 Lonsdale Street, Dandenong

FREESTANDING TROPHY 24/7 ESSENTIAL SERVICE VETERINARY INVESTMENT ANCHORED BY GREENCROSS LTD – AUSTRALIA’S LARGEST INTEGRATED PET WELLNESS COMPANY

Jones Real Estate is proud to present Veterinary Referral Hospital (VRH), 36 Lonsdale Street, Dandenong – a rare trophy veterinary investment leased to Veterinary Referral Hospital (VRH) Dandenong, offered For Sale via Deadline Private Sale closing Wednesday 29 July 2026 at 12:30pm (AEST).

Underpinned by Greencross Operations Pty Ltd – part of Australia’s largest veterinary services network – and guaranteed by Greencross Limited, this is an exceptional opportunity to acquire a fully purpose-built, income-producing asset anchored by a genuine 24/7, 365-day essential service operator that has made a substantial capital investment in the facility.

Key investment highlights include:

– Returning a current passing rental of $264,873.24 per annum + GST & Outgoings, with annual CPI rent reviews and market review at the commencement of each option.

– Ten (10) year lease commencing 1 September 2018 with three (3) further five (5) year options, providing the potential for an unbroken income stream extending to 2043, guaranteed by Greencross Limited – Australia’s largest integrated pet wellness company.

– Purpose-built specialist veterinary hospital housing 9 consult rooms (expanding to 12), 4 surgical theatres, a custom-built 1.5T MRI, CT scanner, dedicated canine and feline ICU, chemotherapy suites, pathology lab and pharmacy – a level of tenant-funded, hospital-grade investment that strongly reinforces long-term occupancy.

– Occupying a substantial 2,992 sqm* freestanding landholding with a prominent 46m* frontage to Lonsdale Street / Princes Highway – one of Melbourne’s busiest arterial corridors carrying 45,000+ vehicles daily – complemented by 40 on-site car spaces.

– Greencross is actively preparing to relist on the ASX at a valuation in excess of A$4 billion, with UBS, Barrenjoey and Jarden appointed as joint lead managers – upon relisting, land tax becomes a recoverable outgoing payable by the tenant, materially increasing the landlord’s net income.

– Positioned within Dandenong’s established south-eastern commercial hub with direct access to EastLink, the Monash Freeway and Princes Highway, and proximity to Dandenong Hospital, Dandenong Plaza and Dandenong Railway Station.

– Zoned IN1Z – Industrial 1 Zone.

*Approx.

For further information or to arrange an inspection, please contact the exclusive selling agents at Jones Real Estate.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.