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
*Approx
