Entry Level Pharmacy Investment | Longstanding Tenant in Operation Since 1980's
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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