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421-423 Goodwood Road, Westbourne Park, SA, 5041

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421-423 Goodwood Road, Westbourne Park, SA, 5041

421-423 Goodwood Road, Westbourne Park, SA, 5041

Properties / Sold / South Australia / Westbourne Park
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
Price on Request
Land Area
2,977 m² (*approx)
Floor Area
1161 m² (*approx)
Property Type
Retail, Child/Healthcare, Other
Sub-type
Vets, Mixed Use
Terms
10 year Lease to September 2029 plus options to 2039
Est. Income
$355,082 p/a
Fully Leased
AdelaideVet
Show All

2. Property Highlights

Inner City Adelaide Veterinary Investment Leased to Global Private Equity Giant
  • 10 Year lease to 2029 Plus Options
  • Leased to Subsidiary of JAB Holding Co
  • Inner City Freehold Landholding

Burgess Rawson and CBRE Adelaide are pleased to offer to the market the AdelaideVet freehold interest for sale via Burgess Rawson Investment Portfolio 162.

+ 10 year Lease to September 2029 plus options to 2039.

+ AdelaideVet: wholly owned subsidiary of Australia and New Zealand?s largest vet group, Vet Partners.

+ Vet Partners: Wholly owned by Luxembourg based JAB Holding Company, with $50billion+ in managed capital (Krispy Kreme, Schweppes, Gucci, Calvin Klein and more).

+ Fixed 3% annual rent increases ensuring income growth.

+ Tenant pays usual outgoings including management fees (excl land tax).

+ Well presented and maintained 1,161sqm building extensively repurposed in 2019 for AdelaideVet.

+ Substantial 2,977sqm freehold landholding with 29 sealed and lined car spaces on title.

+ Single tenant minimum management investment.

+ Affluent inner city suburb of Adelaide only 4kms from the CBD.

+ Net income: $344,082 pa + GST.

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 2 August 2023

Crown Casino, River Room.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Retail, Child/Healthcare, Other
Sub-type
Vets, Mixed Use
Est. Income
$355,082 p/a
Tenant
AdelaideVet
Terms
10 year Lease to September 2029 plus options to 2039
Land Area
2,977 m² (*approx)
Floor Area
1161 m² (*approx)
Selling Method
Auction
Auction Date
2 Aug 2023 10:30AM
Add to calendar
Selling Details
Price on Request

2. Property Highlights

Inner City Adelaide Veterinary Investment Leased to Global Private Equity Giant
  • 10 Year lease to 2029 Plus Options
  • Leased to Subsidiary of JAB Holding Co
  • Inner City Freehold Landholding

Burgess Rawson and CBRE Adelaide are pleased to offer to the market the AdelaideVet freehold interest for sale via Burgess Rawson Investment Portfolio 162.

+ 10 year Lease to September 2029 plus options to 2039.

+ AdelaideVet: wholly owned subsidiary of Australia and New Zealand?s largest vet group, Vet Partners.

+ Vet Partners: Wholly owned by Luxembourg based JAB Holding Company, with $50billion+ in managed capital (Krispy Kreme, Schweppes, Gucci, Calvin Klein and more).

+ Fixed 3% annual rent increases ensuring income growth.

+ Tenant pays usual outgoings including management fees (excl land tax).

+ Well presented and maintained 1,161sqm building extensively repurposed in 2019 for AdelaideVet.

+ Substantial 2,977sqm freehold landholding with 29 sealed and lined car spaces on title.

+ Single tenant minimum management investment.

+ Affluent inner city suburb of Adelaide only 4kms from the CBD.

+ Net income: $344,082 pa + GST.

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 2 August 2023

Crown Casino, River Room.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Harry Einarson
Harry Einarson
+61 *** *** *** show +61 421 747 442
Ned Looker
Ned Looker
+61 *** *** *** show +61 448 689 573
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

Download Development Site Report

3. Property Location

421-423 Goodwood Road, Westbourne Park, SA, 5041

Property Map
Street View
421-423 Goodwood Road, Westbourne Park, SA, 5041 Westbourne Park
CBRE - South Australia
CBRE - South Australia
Level 5, 151 Pirie Street, Adelaide, SA 5000
View Agency Profile
Harry Einarson
Harry Einarson
+61 *** *** *** show +61 421 747 442
Ned Looker
Ned Looker
+61 *** *** *** show +61 448 689 573
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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