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380 Goodwood Road Cumberland Park SA 5041

  • Shop & Retail
  • 526 m²
  • Commercial Auction

PREMIUM NON-DISCRETIONARY HEALTH & MEDICAL INVESTMENT

  • Anchored by SA icon National Pharmacies
  • 6.8 year WALE
  • Net rental of $231,520pa*

FREESTANDING INNER-METROPOLITAN TROPHY ASSET

CBRE Metropolitan Investments are thrilled to bring to market via public onsite Auction, 380 Goodwood Road, Cumberland Park. Located only 4.5kms from the centre of the Adelaide CBD, this freestanding asset is situated on one of Adelaides busiest roads amongst national and international brands Woolworths, Big W, McDonalds, BWS, Goodlife & AMF.

The tenancy mix is fully non-discretionary leased to medical & health based tenants in South Australian icon National Pharmacies and Professional Integrative Medicine both on long-term leases.

We further highlight key investment features for your consideration:

Passing Net rental of $231,520pa* as at June 2021
All outgoings (except those of a Capital Upgrade nature and Professional Integrative Medicine portion of Land Tax) are fully recoverable from the tenants including Property Management.
Weighted average leased expiry (WALE) of 6.8 years headlined by a 10-year lease to National Pharmacies expiring November 2028
Fixed increases set in both leased to CPI (National Pharmacies) and 3.5% (Professional Integrative Medicine)
Net lettable area of 526sqm* and land area of 1,904sqm*
28 on-site car parks and 30m* of frontage
Exceptionally strong underlying land value reflected by the Urban Corridor (Living) zoning in addition to a median house price almost 100% greater than the South Australia average

For Sale by onsite Public Auction @ 11:00am Thursday 15th April 2021 or CBRE Melbourne Offices 11:30am

For more information please contact the listing agents

*Approximately

AUCTION

Auction date and time15/04/2021 11:00
Auction location380 Goodwood Road, Cumberland Park SA

Property Highlights

Property ID2016880238
Floor Area526 m²
Land Area1,904 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  29 Mar 2021
Map for 380 Goodwood Road Cumberland Park SA 5041
Map for 380 Goodwood Road Cumberland Park SA 5041380 Goodwood Road Cumberland Park SA 5041

Property Highlights

Property ID2016880238
Floor Area526 m²
Land Area1,904 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  29 Mar 2021
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

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