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96 Reservoir Road Modbury SA 5092

  • Other
  • 2,031 m²
  • For Sale, Contact Agent

HIGH YIELDING OFFICE INVESTMENT LEASED TO COMMONWEALTH OF AUSTRALIA

  • 2,031sqm* NLA
  • Net Rental income of $601,220pa*
  • 5-Star NABERS Rating

CBRE Metropolitan Investments are favoured with instructions for the sale of 96 Reservoir Road, Modbury currently leased to The Commonwealth of Australia and utilised by Service Australia as Centrelink. This high yielding office investment offers a differentiated product in a market of continually tightening yields.

96 Reservoir Road is situated within the thriving Modbury Precinct and located directly adjacent key infrastructure in Modbury Hospital (currently undergoing a $98m redevelopment), Westfield Tea Tree Plaza and in close proximity to the Adelaide O-Bahn.

We further highlight the below key features of the property:
- Net rental of $601,220pa*
- Leased to The Commonwealth of Australia expiring January 2023
- 2 year option to renew
- Longstanding tenant since 2010
- Net lettable area of 2,031sqm*
- 5 Star NABERS Rating
- Rental increased annually by 3% and to Market at renewal
- 90 onsite car parks
- Land area of 3,159sqm*

For Sale by Expression of Interest (EOI) closing Wednesday June 30th 2021 @ 4pm

Please contact the listing agents for more information:
Mitch Curnow - 0415 494 056
Harry Einarson - 0421 747 442

Mitch Curnow
CBRE South Australia RLA 208125
Mitch Curnow
CBRE South Australia RLA 208125
Harry Einarson
CBRE South Australia RLA 208125
Harry Einarson
CBRE South Australia RLA 208125

Property Highlights

Property ID2017048326
Floor Area2,031 m²
Land Area3,159 m²
Energy5-star NABERS Energy rating
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  3 Jun 2021
Map for 96 Reservoir Road Modbury SA 5092
Map for 96 Reservoir Road Modbury SA 509296 Reservoir Road Modbury SA 5092
Mitch Curnow
CBRE South Australia RLA 208125
Mitch Curnow
CBRE South Australia RLA 208125
Harry Einarson
CBRE South Australia RLA 208125
Harry Einarson
CBRE South Australia RLA 208125

Property Highlights

Property ID2017048326
Floor Area2,031 m²
Land Area3,159 m²
Energy5-star NABERS Energy rating
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  3 Jun 2021
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000
Mitch Curnow
CBRE South Australia RLA 208125
Mitch Curnow
CBRE South Australia RLA 208125
Harry Einarson
CBRE South Australia RLA 208125
Harry Einarson
CBRE South Australia RLA 208125
Mitch Curnow

Mitch Curnow

CBRE South Australia RLA 208125

Harry Einarson

Harry Einarson

CBRE South Australia RLA 208125

+61 *** ***
+61 415 494 056

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