Inner City Adelaide Veterinary Investment Leased to Global Private Equity Giant
421-423 Goodwood Road, Westbourne Park SA
Property Highlights
Description
Burgess Rawson and CBRE Adelaide are pleased to offer to the market the AdelaideVet freehold interest for sale via Burgess Rawson Investment Portfolio 162.
+ 10 year Lease to September 2029 plus options to 2039.
+ AdelaideVet: wholly owned subsidiary of Australia and New Zealand’s largest vet group, Vet Partners.
+ Vet Partners: Wholly owned by Luxembourg based JAB Holding Company, with $50billion+ in managed capital (Krispy Kreme, Schweppes, Gucci, Calvin Klein and more).
+ Fixed 3% annual rent increases ensuring income growth.
+ Tenant pays usual outgoings including management fees (excl land tax).
+ Well presented and maintained 1,161sqm building extensively repurposed in 2019 for AdelaideVet.
+ Substantial 2,977sqm freehold landholding with 29 sealed and lined car spaces on title.
+ Single tenant minimum management investment.
+ Affluent inner city suburb of Adelaide only 4kms from the CBD.
+ Net income: $344,082 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 2 August 2023
Crown Casino, River Room.
Property Details