Burgess Rawson and Knight Frank Adelaide are pleased to offer to the market, a fully occupied medical centre in St Marys (Adelaide) SA for sale via Private Treaty.
This investment has the following key investment highlights:
+ Fully occupied medical centre in booming metro Adelaide location with secure 5.2 year WALE.
+ Centre incorporates general practice, Sonic Healthcare pathology, physiotherapy and dietics.
+ 40% of income secured by Daws Road Medical Centre with long 10 year lease to 2031 plus options.
+ Guaranteed rental growth with annual CPI and fixed 3% increases.
+ Two immaculate buildings totalling 755sqm* over two levels with brand new passenger lift.
+ Significant depreciation benefits with 45% of year 1 rent potentially tax free.**
+ Strategically positioned nearby Repat Health Precinct and multiple retirement villages.
+ Prime 1,835sqm* freehold site with 45 metre frontage and exposure to busy Daws Road.
+ Important 28 sealed and lined car spaces on-title.
+ High profile position nearby intersection of South Road, with 25,040 vehicles passing daily.***
+ Healthcare represents a huge 36% of total employment in the City of Mitcham.****
+ No stamp duty payable.
+ St Marys: 9km from Adelaide CBD with median house price up 51% over past 24 months.*****
+ Net Income: $247,736pa* + GST
Asking Price $3,800,000.00
* Approx
** J Mathew Advisory
*** Remplan
**** GapMaps
**** ***
