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135-139 Daws Road, ST MARYS, SA, 5042

+26 Photos

+28 Photos

SOLD

135-139 Daws Road, ST MARYS, SA, 5042

Properties / Sold / South Australia / St Marys

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

$3,800,000.00

Land Area

1,835 m² (*approx)

Floor Area

755 m² (*approx)

Property Type

Child/Healthcare, Offices, Retail

Sub-type

Health Care & Medical, Aged Care/Retirement, Office Suites, Consulting Rooms

Terms

40% of income secured by Daws Road Medical Centre with long 10 year lease to 2031 plus options.

Est. Income

$247,736 p/a

Fully Leased

Daws Road Medical Centre

Show All

2. Property Highlights

Impressive Medical Centre in Booming Metro Adelaide Location

Fully occupied with 5.2 year WALE
Annual CPI and fixed 3% increases
45% of year 1 rent potentially tax free

Burgess Rawson and Knight Frank Adelaide are pleased to offer to the market, a fully occupied medical centre in St Marys (Adelaide) SA for sale via Private Treaty.

This investment has the following key investment highlights:

+ Fully occupied medical centre in booming metro Adelaide location with secure 5.2 year WALE.

+ Centre incorporates general practice, Sonic Healthcare pathology, physiotherapy and dietics.

+ 40% of income secured by Daws Road Medical Centre with long 10 year lease to 2031 plus options.

+ Guaranteed rental growth with annual CPI and fixed 3% increases.

+ Two immaculate buildings totalling 755sqm* over two levels with brand new passenger lift.

+ Significant depreciation benefits with 45% of year 1 rent potentially tax free.**

+ Strategically positioned nearby Repat Health Precinct and multiple retirement villages.

+ Prime 1,835sqm* freehold site with 45 metre frontage and exposure to busy Daws Road.

+ Important 28 sealed and lined car spaces on-title.

+ High profile position nearby intersection of South Road, with 25,040 vehicles passing daily.***

+ Healthcare represents a huge 36% of total employment in the City of Mitcham.****

+ No stamp duty payable.

+ St Marys: 9km from Adelaide CBD with median house price up 51% over past 24 months.*****

+ Net Income: $247,736pa* + GST

Asking Price $3,800,000.00

* Approx

** J Mathew Advisory

*** Remplan

**** GapMaps

**** Realestate.com.au

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