1/311 Goodwood Road

Kings Park SA 5034

The award winning 2014 constructed building has a net lettable area of 1,226 sqm* on a highly exposed site of 3,072 sqm* with 50 car parks across 2 certificates of title.

The modern improvements, strong and diverse tenancy profile, long leases, net passing income of $492,615 per annum plus outgoings and GST and significant depreciation benefits will prove particularly appealing to investors looking for a high quality healthcare investment.

The new and recently extended leases include a new 7 year lease from February 2019 to the anchor GP clinic plus 2 x 5 year options and demonstrate the tenants commitment to this established site.

The desirable Goodwood Road property is located 3.5 kilometres from the Adelaide CBD within Kings Park, surrounded by the affluent suburbs of Millswood, Unley Park, Goodwood and Westbourne Park. This high value residential suburb is supported by established commercial and retail uses along Goodwood Road, with a modern Drakes Foodland located towards the northern end of Goodwood Road and a large shopping centre incorporating a Big W Discount Department Store and Woolworths Supermarket, plus a separate Goodlife Health Club located less than 300 metres to the south on the corner of Goodwood Road and Cross Road.

The asset presents the opportunity for an astute investor to capitalise on the benefits of this high street main road location with solid tenant mix and long term leases, with Kings Park Health offering a complete range of medical services securing the clinic as one of Adelaides busiest inner suburban providers of a range of medical services.

To arrange an inspection or for more information, please contact Colliers International as the conjunctional selling agent.
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