199 Sturt Road,
Seacombe Gardens, SA 5047
Medical & Consulting
Key property information
Land area
Floor area
Tenure type
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Knight Frank - Adelaide (RLA 199257)
Level 29, 91 King William StreetADELAIDE, SA 5000
199 Sturt Road
Seacombe Gardens, SA 5047
Map of 199 Sturt Road
Marion Specialist Centre
- Modern high performing medical centre
- Secure 5.0-year WALE (by income)
- Diversified net income of $448,975* p.a
Knight Frank is excited to present Marion Specialist Centre, located at 199 Sturt Road, Seacombe Gardens, South Australia For Sale.
Marion Specialist Centre is a modern state-of-the-art two-level medical centre extensively refurbished in 2021/22, fully leased to eight established medical and allied health tenants that provide the incoming purchaser a secure diversified cashflow anchored by Radiology SA and underpinned by a staggered lease expiry profile with a WALE of 5.0* years (by income).
2021/22 upgrades include a major contemporary façade upgrade, lift replacement, full refurbishment of common bathrooms, new ceilings, LED lighting, floor coverings throughout common areas, replacement of the air conditioning systems, fire and security systems in addition to landscaping and upgrading the car parking area.
Strategically positioned directly opposite Westfield Marion, South Australia’s largest shopping centre, which serves as a major commercial and retail hub for the southern suburbs.
Key investment highlights:
- 100% leased multi-tenant specialist medical centre
- Net income $448,975* per annum anchored by longstanding tenant Radiology SA (37% of NLA; Jul-32)
- 5.0-year* WALE with staggered lease expiry
- Fully refurbished improvements across two levels providing 978 sqm* of NLA
- Prominent and strategic location positioned directly across from Westfield Marion with 22,700* cars passing daily
- Diversified mix of complimentary tenants and a strong history of tenant retention
- Significant 1,763 sqm* freehold site providing 34 car parks
- Zero Stamp Duty payable on commercial transactions in SA
Please contact the exclusive agents to arrange an inspection of the Marion Specialist Centre.
*Approximate
Marion Specialist Centre is a modern state-of-the-art two-level medical centre extensively refurbished in 2021/22, fully leased to eight established medical and allied health tenants that provide the incoming purchaser a secure diversified cashflow anchored by Radiology SA and underpinned by a staggered lease expiry profile with a WALE of 5.0* years (by income).
2021/22 upgrades include a major contemporary façade upgrade, lift replacement, full refurbishment of common bathrooms, new ceilings, LED lighting, floor coverings throughout common areas, replacement of the air conditioning systems, fire and security systems in addition to landscaping and upgrading the car parking area.
Strategically positioned directly opposite Westfield Marion, South Australia’s largest shopping centre, which serves as a major commercial and retail hub for the southern suburbs.
Key investment highlights:
- 100% leased multi-tenant specialist medical centre
- Net income $448,975* per annum anchored by longstanding tenant Radiology SA (37% of NLA; Jul-32)
- 5.0-year* WALE with staggered lease expiry
- Fully refurbished improvements across two levels providing 978 sqm* of NLA
- Prominent and strategic location positioned directly across from Westfield Marion with 22,700* cars passing daily
- Diversified mix of complimentary tenants and a strong history of tenant retention
- Significant 1,763 sqm* freehold site providing 34 car parks
- Zero Stamp Duty payable on commercial transactions in SA
Please contact the exclusive agents to arrange an inspection of the Marion Specialist Centre.
*Approximate
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Seacombe Gardens, 5047 demographic data
The median household income for Seacombe Gardens is $1,420, 8% lower than Greater Adelaide's household income of $1,548. Seacombe Gardens has a younger age profile compared to the rest of Greater Adelaide (median age 35 vs 39). Property ownership data shows 57% of property owners in Seacombe Gardens have a mortgage.
3,373
Population
$1,420 per week
Median household income
35 years
Median age
Owners
Most residents
Families
Most households
Knight Frank - Adelaide (RLA 199257)Level 29, 91 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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