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CBRE - South Australia (RLA 208125)

96 Reservoir Road Modbury, SA 5092

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96 Reservoir Road,
Modbury, SA 5092

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Sale - Expression of Interest

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CBRE - South Australia (RLA 208125)

CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street
ADELAIDE, SA 5000
CBRE - South Australia (RLA 208125)
96 Reservoir Road
Modbury, SA 5092

Map of 96 Reservoir Road

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  • Bus stops within 5 km of 96 Reservoir Road, Modbury, SA 5092Distance
    42 Reservoir Rd - East Side94 m
    43s smart Rd - North Side112 m
    42 North East Rd - South Side253 m
    41 North East Rd - North East Side322 m
    42a smart Rd - North Side330 m
    POWERED BY HERE ©
POWERED BY HERE ©

HIGH YIELDING OFFICE INVESTMENT LEASED TO COMMONWEALTH OF AUSTRALIA

  • 2,031sqm* NLA
  • Net Rental income of $601,220pa*
  • 5-Star NABERS Rating
CBRE Metropolitan Investments are favoured with instructions for the sale of 96 Reservoir Road, Modbury currently leased to The Commonwealth of Australia and utilised by Service Australia as Centrelink. This high yielding office investment offers a differentiated product in a market of continually tightening yields.

96 Reservoir Road is situated within the thriving Modbury Precinct and located directly adjacent key infrastructure in Modbury Hospital (currently undergoing a $98m redevelopment), Westfield Tea Tree Plaza and in close proximity to the Adelaide O-Bahn.

We further highlight the below key features of the property:
- Net rental of $601,220pa*
- Leased to The Commonwealth of Australia expiring January 2023
- 2 year option to renew
- Longstanding tenant since 2010
- Net lettable area of 2,031sqm*
- 5 Star NABERS Rating
- Rental increased annually by 3% and to Market at renewal
- 90 onsite car parks
- Land area of 3,159sqm*

For Sale by Expression of Interest (EOI) closing Wednesday June 30th 2021 @ 4pm

Please contact the listing agents for more information:
Mitch Curnow - 0415 494 056
Harry Einarson - 0421 747 442

Property ID: 503842142Last Updated: 22 Jul 2021

Agency contacts

CBRE - South Australia (RLA 208125)
Level 5, 151 Pirie Street
ADELAIDE, SA 5000
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Mitch Curnow

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Mitch Curnow
CBRE - South Australia (RLA 208125)
96 Reservoir Road Modbury, SA 5092

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Mitch Curnow

    Mitch Curnow

    CBRE - South Australia (RLA 208125)
    04154940...
  • Harry Einarson

    Harry Einarson

    CBRE - South Australia (RLA 208125)
    04217474...