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1-3 Addison Road, Pennington, SA, 5013

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1-3 Addison Road, Pennington, SA, 5013

Pennington

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1-3 Addison Road, Pennington, SA, 5013

Pennington

SOLD
1-3 Addison Road, Pennington, SA, 5013

1-3 Addison Road, Pennington, SA, 5013

Properties / Sold / South Australia / Pennington
Tenanted Investment
Selling Method
EOI
Selling Details
Contact Agent
Land Area
2,493 m² (*approx)
Floor Area
1275 m² (*approx)
Property Type
Health/Medical, Offices
Sub-type
Health Care & Medical
Terms
15-year term until 2033 with options out until 2054 to Family Doctor Pty Ltd
Est. Income
$596,128 p/a
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UNDER CONTRACT | Long WALE Prime Located Medical Centre
  • Well presented 1,275sqm* medical clinic
  • Estimated net passing income of $596,128
  • 2,493sqm* across two titles

CBRE are excited to present to market 1-3 Addison Road, Pennington for their valued client Australian Unity. This 1,275sqm* building offers an investor a single-tenant ‘set and forget’ investment opportunity with $596,128p.a.* of estimated net passing income. The property is leased on a 15-year term until 2033 with options out until 2054 to Family Doctor Pty Ltd – with over 80 locations around Australia.

The property is prominently situated on the corner of Addison and Torrens Roads with a total land size of 2,493sqm* across two titles. With over 25,000 daily passing vehicles, the property is well exposed and gives easy access to the 50 secure on site car parks.

The key investment highlights include:

- Estimated net passing income of $596,128p.a.

- Well presented medical clinic of 1,275sqm*

- Prime corner located site boasting 2,493sqm* across two titles

- 50 secure onsite car parks

- Secure lease to 2033 with 25 years of additional options

- Local Activity Centre zoning (City of Charles Sturt)

OFFERED BY PRIVATE TREATY

For more information then please give the sole marketing agents from CBRE a call:

Ned Looker: 0448 689 573

Rhyce Scott: 0422 960 585

Oliver Grivell: 0478 069 579

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1-3 Addison Road Investment Summary

Property Type
Health/Medical, Offices
Sub-type
Health Care & Medical
Est. Income
$596,128 p/a
Terms
15-year term until 2033 with options out until 2054 to Family Doctor Pty Ltd
Land Area
2,493 m² (*approx)
Floor Area
1275 m² (*approx)
Selling Method
EOI
Selling Details
Contact Agent

Investment Highlights

UNDER CONTRACT | Long WALE Prime Located Medical Centre
  • Well presented 1,275sqm* medical clinic
  • Estimated net passing income of $596,128
  • 2,493sqm* across two titles

CBRE are excited to present to market 1-3 Addison Road, Pennington for their valued client Australian Unity. This 1,275sqm* building offers an investor a single-tenant ‘set and forget’ investment opportunity with $596,128p.a.* of estimated net passing income. The property is leased on a 15-year term until 2033 with options out until 2054 to Family Doctor Pty Ltd – with over 80 locations around Australia.

The property is prominently situated on the corner of Addison and Torrens Roads with a total land size of 2,493sqm* across two titles. With over 25,000 daily passing vehicles, the property is well exposed and gives easy access to the 50 secure on site car parks.

The key investment highlights include:

- Estimated net passing income of $596,128p.a.

- Well presented medical clinic of 1,275sqm*

- Prime corner located site boasting 2,493sqm* across two titles

- 50 secure onsite car parks

- Secure lease to 2033 with 25 years of additional options

- Local Activity Centre zoning (City of Charles Sturt)

OFFERED BY PRIVATE TREATY

For more information then please give the sole marketing agents from CBRE a call:

Ned Looker: 0448 689 573

Rhyce Scott: 0422 960 585

Oliver Grivell: 0478 069 579

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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1-3 Addison Road, Pennington, SA, 5013

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