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
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Description

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: www.portfolioauctions.com.au

Please contact the exclusively appointed sales team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
2,493 SQM
Building Area
1,136 SQM

Price

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