35 Woodville Road,
Woodville South, SA 5011

Medical & Consulting

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Blue chip medical centre investment

The QE Specialist Centre is a modern, securely leased and exceptionally well presented medical centre located directly opposite the Queen Elizabeth Hospital at 35 Woodville Road, Woodville South.

Constructed in 2005, the property provides attractive, modern medical consulting accommodation and has been fully occupied since its opening.

Securely leased to four tenants until at least 2020, the tenancy mix includes pathology, radiology, podiatry and a specialist centre with over 40 specialist surgeons and physicians.

The property generates net income of $570,000* pa with all leases structured on a net basis. Annual rent reviews of either 3% or CPI provide excellent rental growth.

We highlight the key property features:
• Modern, well-presented medical centre built in 2005
• Superbly located opposite The Queen Elizabeth Hospital
• Fully leased until 2020 to 4 tenants, including radiology, pathology and specialists
• Net income of $570,000* per annum with CPI or 3% rent reviews
• Weighted average lease expiry (WALE) in excess of 6 years
• Attractive building allowance and tax depreciation benefits
• Substantial exclusive off-street parking for 60 vehicles

FOR SALE BY EXPRESSIONS OF INTEREST
Closing 4pm Thursday 12 November 2015

JLL
RLA 1842

Additional information

Documents

Form R7.pdf

Woodville South, 5011 demographic data

The median household income for Woodville South is $1,787, 15% higher than Greater Adelaide's household income of $1,548. Woodville South has a younger age profile compared to the rest of Greater Adelaide (median age 37 vs 39). Property ownership data shows 56% of property owners in Woodville South have a mortgage.

3,464

Population

$1,787 per week

Median household income

37 years

Median age

Owners

Most residents

Families

Most households

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