Start your search

Location

Property Types

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Tenure Type

Tenanted Investment

Investment Potential

Back

Select Suburbs

Refine Search

Back

Select Categories

Car Dealership
Co-working
Consulting Rooms
Mixed Use
Strata Office
Whole Building
Office/Warehouse
Agricultural
Hotel
Block of Units / Flats
Health Care & Medical
Strip Retail
Aged Care/Retirement
Serviced Apartments
Warehouse Showroom
Commercial
Office Suites
Shopping Centre
Boarding Houses
Lifestyle/Hobby Farm
Large Format
Resort
Full Floor Office
Car Park
Logistics Building
Child Care
Caravan Park
Business Park
Serviced Offices
Vets
Service Station
Hard Stand
Education/Schools
Cafe/Restaurant
Winery
Storage Facility
Camping Ground
Pub/Bar/Nightclub

Watch

Your home of Commercial Ready videos

Watch

All Videos

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

+17 Photos

+19 Photos

SOLD

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

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

Tenanted Investment