Blue Ribbon Freestanding Metropolitan Healthcare Investment

Description

Burgess Rawson is pleased to offer to the market 1 & 3 Addison Road, Pennington (Adelaide) SA for sale via Private Treaty.

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

For Sale via Private Treaty

Please contact the exclusively appointed sales team for more information.

*Approx.

Enquire

Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Beau Coulter Partner
0413 839 898
Raoul Holderhead Partner
0413 860 304
Enquiry Form

Pennington, SA

1 & 3 Addison Road

For Sale by Expression of Interest

This property is part of Portfolio 167

Price: Contact Agent

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