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14-16 Robert Street, Maitland, SA, 5573

2. Property Highlights

Entry Level Pharmacy Investment | Longstanding Tenant in Operation Since 1980's
  • 10 year net lease plus options to 2037
  • Fixed 3% annual rent increases
  • Stamp duty free investment opportunity

Burgess Rawson, in conjunction with Knight Frank SA, is pleased to offer to the market 14-16 Robert Street, Maitland SA, for sale via our Investment Portfolio Auction 161.

This opportunity has the following key investment highlights:

+Long 10 year net lease to Maitland Pharmacy to 2027.

+Two further 5 year options to 2037.

+Noel Allen Group: established and proven pharmacy provider with a network of 25 locations across South Australia, New South Wales & Tasmania.

+Fixed 3% annual rent increases.

+Tenant pays all outgoings including management fees.

+Central 173sqm* pharmacy, offering potential future value add/redevelopment optionality (STCA).

+ Adjoining 124sqm* building leased by tenant for storage.

+Strategic 785sqm* main road corner site with frontages to Alice Street and Robert Street, the municipalities main commercial and retail service centre.

+Conveniently located adjacent to the Yorke Valley Hotel, opposite Foodland Supermarket, and close to Australia Post, Maitland Police Station, Maitland Hospital and Eldercare The Village.

+Maitland: geographical ‘heart’ of the Yorke Peninsula Council, only a 15 minute drive from both the east and west coasts and underpinned by a booming agriculture sector.

+Stamp Duty free investment opportunity.

+Net Income: $41,792 pa* + GST (as at November 2023).

For Sale by Investment Portfolio Auction

10:30am AEST Wednesday 21 June 2023

Crown Casino, Melbourne

Burgess Rawson

Raoul Holderhead RLA319037

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3. Property Location

14-16 Robert Street, Maitland, SA, 5573

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4. Due Diligence

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14-16 Robert Street, Maitland, SA, 5573 Maitland
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