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.
