Whole Bldg, 21 Gillingham Road, Elizabeth, SA, 5112

Leedwell is pleased to present this exceptional medical leased investment opportunity in the tightly held northern Adelaide suburb of Elizabeth.

Strategically positioned within Elizabeth's established health and community services precinct, approximately 25 kilometres north of the Adelaide CBD, the property benefits from excellent connectivity to major transport routes and surrounding community infrastructure.

Key Investment Highlights

• New lease extension secured through to 30 September 2028 (plus further extensions)

• Estimated net income of $238,433.88 per annum + GST*

• Strong rental growth with fixed 4% annual increases

• Modern 2023-built facility offering significant depreciation benefits**

• 516sqm building leased to an established not-for-profit organisation delivering essential community services

• Substantial depreciation allowances available**

• Tenant responsible for all outgoings, including management fees (excluding Land Tax)

• No stamp duty payable on commercial property transactions in South Australia

The property is offered for sale by Expression of Interest, closing Thursday, 3 September 2026 at 4:00pm (unless sold prior).

For further information or to arrange an inspection, please contact the exclusive selling agents below.

*Approx.

**As of 1 October 2026

*** Est Schedule Available

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