Blue Ribbon Freestanding Metropolitan Healthcare Investment

1 & 3 Addison Road , Pennington SA

Property Highlights

High Profile Multi-Disciplinary Medical
15 Year Net Lease
Net Income: $596,128 pa* + GST
Register to Bid


Burgess Rawson is pleased to offer to the market 1 & 3 Addison Road, Pennington (Adelaide) SA for sale via our Investment Auction Portfolio 167.

The property has the following key investment highlights:

+ 15 year lease to 2033 plus options to 2058
+ Compounding fixed 3% annual increases – guaranteed growth
+ Net Lease with Tenant paying all usual outgoings including rates, insurances and land tax
+ Lease secured by strong bank guarantee
+ Family Doctor: over 80 multidisciplinary medical & dental centres across Australia
+ Exceptional 2,493sqm* main road corner freehold sites over two separate titles
+ Huge 146m street frontage and exposure (across both titles)
+ 37,000 vehicles passing daily
+ Modern 1,136sqm* two level medical facility constructed 2013
+ Includes Guardian Pharmacy integrated to medical centre
+ Significant taxation saving depreciation
+ Important 47 on-site car spaces
+ Pennington – well establshed inner city Adelaide suburb 11 kilometres north-west of CBD
+ Stamp Duty Free Investment
+ Net Income: $596,128 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here:

Please contact the exclusively appointed sales team for more information.


Property Details

Current Tenant
Occupancy Type
Land Size
2,493 SQM
Building Area
1,136 SQM


Contact Agent

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights