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1009-1011 Lower North East Road, Highbury, SA, 5089

2. Property Highlights

Established medical centre investment
  • High profile location
  • National provider - Better Medical
  • New 5+5 year lease

Knight Frank Investment sales is excited to present for sale the Highbury Medical Centre.

The established centre has long served the local community of the north eastern suburbs of Adelaide, being a Better Medical practice and accompanying Clinical Labs operation.

Key property attributes:

- High profile location some 12km* north east from the Adelaide CBD, with direct frontage to over 19,300* daily passing vehicles on Lower North East Road

- Established medical centre investment, with Highbury Medical Centre operating and serving the local community for over 20 years

- New 5 + 5 year lease commencing 29th November 2023 with favourable CPI rent reviews annually and Lessee responsible for all usual statutory outgoings excluding state land tax

- A Better Medical practice, who have 75 clinics across Australia and over 500 doctors

- Built form of 550sqm providing 10 consulting rooms, reception, staff area and amenities

- Corner site covering some 1,517sqm* with access via Rogers Street, including on-site parking for 16 vehicles

- Suburban Activity Centre zoning within the City of Tea Tree Gully

- Estimated net income of $172,900.60 as of 29th November 2023

- No stamp duty payable

1009-1011 Lower North East Road, Highbury, is offered to the market for sale via Expression of Interest, closing Thursday, 30 November at 4pm (ACDT).

For all the detail please don’t hesitate to contact the exclusive selling agents.

*Approx.

Remember to mention you found this property on CommercialReady

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3. Property Location

1009-1011 Lower North East Road, Highbury, SA, 5089

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4. Due Diligence

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1009-1011 Lower North East Road, Highbury, SA, 5089 Highbury
Knight Frank - Adelaide
Knight Frank - Adelaide
Level 29, Westpac House, 91 King William Street, Adelaide, SA 5000
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