380 Goodwood Road, Cumberland Park, SA 5041

Retail | Medical

For Sale Contact Agent

  • Property ID: 388244
  • Floor Area: 526m²
  • Land Area: 1904m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
PREMIUM NON-DISCRETIONARY HEALTH & MEDICAL INVESTMENT

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
*Approximately

Cumberland Park Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $186 ---
Offices --- $186 ---
Industrial --- $186 ---
This is the average advertised price, rent and yield for Cumberland Park, SA 5041*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in SA for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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