421-423 Goodwood Road,
Westbourne Park, SA 5041
Shops & Retail • Medical & Consulting • Other
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CBRE - South Australia (RLA 208125)
Level 5, 151 Pirie StreetADELAIDE, SA 5000
421-423 Goodwood Road
Westbourne Park, SA 5041
Map of 421-423 Goodwood Road
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.
+ 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.
Property ID: 504365264Last Updated: 30 Apr 2024
CBRE - South Australia (RLA 208125)Level 5, 151 Pirie Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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