Established Pharmacy Investment

10 year lease to September 2027 plus further options through to 2037
Fixed 3% increases – assuring rental growth
Tenant pays all usual outgoings as per the Lease
Long established, proven location since 1980’s
Large 785 sqm town centre corner site – single level, well presented pharmacy building of 173 sqm
Adjoining building of 124 sqm leased by tenant for storage – potential future value add opportunity
Tenant – Noel Allen Group: Experienced pharmacy operator with 8 sites across Adelaide and further sites in Tasmania
Maitland: Commercial and rural service centre, known as ‘the heart of the Yorke Peninsular’ – Two hour drive from Adelaide CBD and one of South Australia’s most popular holiday locations and buoyant agricultural regions
Rent: $35,000 pa

Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne