FREESTANDING INNER-METROPOLITAN TROPHY ASSET
CBRE Metropolitan Investments are thrilled to bring to market via public onsite Auction, 380 Goodwood Road, Cumberland Park. Located only 4.5kms from the centre of the Adelaide CBD, this freestanding asset is situated on one of Adelaide’s busiest roads amongst national and international brands Woolworths, Big W, McDonalds, BWS, Goodlife & AMF.
The tenancy mix is fully non-discretionary leased to medical & health based tenants in South Australian icon National Pharmacies and Professional Integrative Medicine both on long-term leases.
We further highlight key investment features for your consideration:
Passing Net rental of $231,520pa* as at June 2021
All outgoings (except those of a Capital Upgrade nature and Professional Integrative Medicine portion of Land Tax) are fully recoverable from the tenants including Property Management.
Weighted average leased expiry (WALE) of 6.8 years headlined by a 10-year lease to National Pharmacies expiring November 2028
Fixed increases set in both leased to CPI (National Pharmacies) and 3.5% (Professional Integrative Medicine)
Net lettable area of 526sqm* and land area of 1,904sqm*
28 on-site car parks and 30m* of frontage
Exceptionally strong underlying land value reflected by the Urban Corridor (Living) zoning in addition to a median house price almost 100% greater than the South Australia average
For Sale by onsite Public Auction @ 11:00am Thursday 15th April 2021 or CBRE Melbourne Offices 11:30am
For more information please contact the listing agents