57 Woodville Road , WOODVILLE SA 5011
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- 15 Nov 2016
15+5+5 year lease to State Government
JLL is pleased to offer for sale 57 Woodville Road, Woodville - a prime, securely leased investment with over 85% of the building leased to the Government of South Australia.
Premium grade commercial investments of this calibre are rarely available in the current market and the combination of a blue-chip lease covenant, long term leases and solid fixed annual rental growth positions the property as one of the most attractive investment opportunities to hit the market this year.
Key property features include:
• 15+5+5 year lease to Minister for Health and Ageing expiring 2028
• Fully leased investment with passing net income of approximately $930,000 pa
• Modern high quality 2 level building of 1,903sqm* constructed in 2013
• Solid rental growth with fixed annual rent increases of 4% and 3%
• Located just 8km* from the CBD in close proximity to The Queen Elizabeth Hospital
• Substantial building allowance and depreciation benefits for tax paying entities
FOR SALE BY EXPRESSION OF INTEREST Closing 4pm Friday 9 December 2016
For more information, or to arrange an inspection of the property, please contact the exclusive selling agents.
JLL RLA 1842
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
57 Woodville Road WOODVILLE