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90 Henley Beach Road Mile End SA 5031

  • Medical / Consulting
  • 647 m²
  • Commercial Auction

PREMIUM MEDICAL INVESTMENT

  • Long term 10 year lease with options
  • Established tenant
  • No Stamp Duty applicable

CBRE Metropolitan Investments and CBRE Healthcare & Social Infrastructure are excited to bring to market 90 Henley Beach Road, Mile End, a premium medical investment with high underlying land value.

Located less than 1.5km from the Adelaide CBD, 90 Henley Beach Road offers savvy investors a leased medical investment sitting on 1,011sqm of Urban Corridor Zoned land. With the current zoning allowing for development up to 6 storeys (STCC) this property is a fantastic mixture of income and future development potential.

The tenant is The Sports and Arthritis Clinic (SPARC), a collaboration of specialist sports and exercise physicians and select allied health practitioners providing world-class sports and activity related musculoskeletal care. Driven by Doctors Geoff Verrall and Duncan Walker and Podiatrist Michael Nitschke, the centre was established in 2016 and has become the hub for South Australians wanting non-invasive treatment for sports related injuries.

As a testament to the expertise of the professionals operating at SPARC the below professional sporting teams work closely with the team.

- South Australia Sports Institute (SASI)
- South Australia Cricket Association
- Australian Men's Cricket team
- AFL women's and men's Crows
- Adelaide 36'ers
- Adelaide Thunderbird's
- South Australian Sports Medicine Association

Furthermore, the centre is located in close proximity to the recently announced $49 million new facility to be located next to the existing Netball SA Stadium - https://www.sasi.sa.gov.au/news?a=33294

Key investment highlights include:
Commencing rental of $275,000 p/a
10 year initial lease term with options
1,011sqm of Urban Corridor Zoned land
647sqm of building area across two floors
25 on site car parks
No stamp duty

For Sale via CBRE Australian Healthcare and Social Infrastructure Portfolio Auction on Wednesday 24TH August 2022 from 12:30PM

For further information, please contact the exclusive sale and marketing agents:

Harry Einarson: +61 421 747 442
Mitch Curnow: +61 415 494 056

Approx.*

Auction date and time24/08/2022 12:30
Auction locationOnline

Property Highlights

Floor Area647 m²
Land Area1,011 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017961600
Category
Last updated  3 Aug 2022
Map for 90 Henley Beach Road Mile End SA 5031

Property Highlights

Floor Area647 m²
Land Area1,011 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017961600
Category
Last updated  3 Aug 2022
Level 5 151 Pirie Street Adelaide SA 5000
Harry Einarson
Harry Einarson
CBRE South Australia RLA 208125
Mitch Curnow
Mitch Curnow
CBRE South Australia RLA 208125

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