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

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.

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3. Property Location

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

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4. Due Diligence

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