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
|Auction date and time||24/08/2022 12:30|