380 Goodwood Road,
Cumberland Park, SA 5041
Shops & Retail • Medical & Consulting
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
CBRE - South Australia (RLA 208125)
Level 5, 151 Pirie StreetADELAIDE, SA 5000
380 Goodwood Road
Cumberland Park, SA 5041
Map of 380 Goodwood Road
PREMIUM NON-DISCRETIONARY HEALTH & MEDICAL INVESTMENT
- Anchored by SA icon National Pharmacies
- 6.8 year WALE
- Net rental of $231,520pa*
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
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
Explore property virtually
Video
Property ID: 503786098Last Updated: 4 Feb 2022
CBRE - South Australia (RLA 208125)Level 5, 151 Pirie Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from CBRE - South Australia (RLA 208125)
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
421-423 Goodwood Road,Westbourne Park, SA 5041 1161 m²Shops & Retail • Medical & Consulting • Other
Contact Agent
203 Unley Road,Unley, SA 5061 224 m²Showrooms & Large Format Retail • Shops & Retail • Offices
Contact Agent
131-133 Goodwood Road,Goodwood, SA 5034 526 m²Shops & Retail • Hotel, Motel & Leisure • Development Sites & Land