Burgess Rawson, together with Knight Frank are delighted to present to market the brand-new South Australian Government leased office building located at 1/448-452 Goodwood Road, Cumberland Park SA for sale via Investment Portfolio Auction 172.

This prime investment has the following key highlights:

+ Brand new Eight (8) year lease to July 2032 plus options to 2036.
+ Minister of Infrastructure and Transport: Government body with an annual operating budget exceeding $1.1 billion with more than 3000 employees.**
+ New 2024 construction providing significant depreciation benefits.
+ Strategic 173sqm* corner building with quality fit-out, along inner-metro location, with 31,600* vehicles passing daily via Goodwood Road.***
+ Fixed 3% rent increases annually ensuring rental growth.
+ Situated within close proximity to Hungry Jack’s, Cumberland Park Woolworths and Big W, Castle Plaza Shopping Mall (Coles, Cellarbrations + 50 retailers), Mitcham Square Shopping Centre (Woolworths + 58 retailers) and only 4.5km* from the Adelaide CBD.
+ Cumberland Park: Affluent inner-metro Adelaide suburb, with a median house price of $1,253,750.****
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators.*****
+ Stamp Duty Free investment, no stamp duty payable in South Australia.
+ Net Income: $71,460 pa* + GST.

To be sold via upcoming Investment Portfolio Auction 172
at 10:30am, 30 October 2024
River Room, Crown Casino, Melbourne

Please contact the Burgess Rawson team for further information.

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401

Knight Frank Australia Pty Ltd | RLA 199257

*Approx
**LinkedIn
***GapMaps
****Realestate.com.au
*****CommSec State of States Report