SA Government, 1/448-452 Goodwood Road,
Cumberland Park, SA 5041
Offices • Shops & Retail • Medical & Consulting
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Knight Frank - Adelaide (RLA 199257)
Level 29, 91 King William StreetADELAIDE, SA 5000
SA Government, 1/448-452 Goodwood Road
Cumberland Park, SA 5041
Map of SA Government, 1/448-452 Goodwood Road
Brand New 8 Year Lease to South Australian Government | Modern Building with Exposure
- New 2024 Construction with Depreciation
- Long 8 Year Lease + Option to 2036
- No Stamp Duty Payable in SA
Burgess Rawson, together with Knight Frank are delighted to present to market the brand-new South Australian Government leased office building located at 1/448-452 Goodwood Road, Cumberland Park SA for sale via Investment Portfolio Auction 172.
This prime investment has the following key highlights:
+ Brand new Eight (8) year lease to July 2032 plus option to 2036.
+ Minister of Infrastructure and Transport: Government body with an annual operating budget exceeding $1.1 billion with more than 3,000 employees.**
+ Brand new 174sqm* premises with dual frontage and exposure with brand new fit out and allocated car spaces providing excellent tax saving depreciation benefits.
+ Fixed annual 3% rent increases ensuring rental growth.
+ Strategic high exposure position evidenced by neighbouring childcare centre, obstetrics (owner occupied) and amongst Adelaide Vet (Vet Partners), Hungry Jacks, BWS and major shopping centres within close proximity.
+ Goodwood Road is a major north-south arterial road, stretching 10 km* and with 31,600 vehicles passing daily.***
+ Cumberland Park: Affluent inner-metro Adelaide suburb only 5kms from Adelaide CBD, with a median house price of $1,245,000.****
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators.*****
+ Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia.
+ Net Income: $69,210 pa* + GST.
To be sold via upcoming Investment Portfolio Auction 172
at 10:30am, 30 October 2024
River Room, Crown Casino, Melbourne
Please contact the Burgess Rawson team for further information.
Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Knight Frank Australia Pty Ltd | RLA 199257
*Approx
**LinkedIn
***GapMaps
****Realestate.com.au
*****CommSec State of States Report
This prime investment has the following key highlights:
+ Brand new Eight (8) year lease to July 2032 plus option to 2036.
+ Minister of Infrastructure and Transport: Government body with an annual operating budget exceeding $1.1 billion with more than 3,000 employees.**
+ Brand new 174sqm* premises with dual frontage and exposure with brand new fit out and allocated car spaces providing excellent tax saving depreciation benefits.
+ Fixed annual 3% rent increases ensuring rental growth.
+ Strategic high exposure position evidenced by neighbouring childcare centre, obstetrics (owner occupied) and amongst Adelaide Vet (Vet Partners), Hungry Jacks, BWS and major shopping centres within close proximity.
+ Goodwood Road is a major north-south arterial road, stretching 10 km* and with 31,600 vehicles passing daily.***
+ Cumberland Park: Affluent inner-metro Adelaide suburb only 5kms from Adelaide CBD, with a median house price of $1,245,000.****
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators.*****
+ Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia.
+ Net Income: $69,210 pa* + GST.
To be sold via upcoming Investment Portfolio Auction 172
at 10:30am, 30 October 2024
River Room, Crown Casino, Melbourne
Please contact the Burgess Rawson team for further information.
Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Knight Frank Australia Pty Ltd | RLA 199257
*Approx
***GapMaps
****Realestate.com.au
*****CommSec State of States Report
Property ID: 504701656Last Updated: 19 Dec 2024
Knight Frank - Adelaide (RLA 199257)Level 29, 91 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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