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1/448-452 Goodwood Road
Cumberland Park SA 5041
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Sold on 31 Oct 2024

1/448-452 Goodwood Road Cumberland Park SA 5041

  • Offices
  • 174 m²
  • Sold

Brand New 8 Year Lease to South Australian Government | Modern Building with Exposure

    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
    *******
    *****CommSec State of States Report

    AUCTION

    Auction date and time30/10/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold31 Oct 2024
    Floor Area174 m²
    Land Area183 m²
    ParkingAsk Agent
    Property ID2019529878
    Category
    Last updated  31 Oct 2024
    Map for 1/448-452 Goodwood Road Cumberland Park SA 5041
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold31 Oct 2024
    Floor Area174 m²
    Land Area183 m²
    ParkingAsk Agent
    Property ID2019529878
    Category
    Last updated  31 Oct 2024

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Burgess Rawson VIC Pty Ltd
    Call
    0417 308 067
    Chet Al
    Knight Frank Adelaide
    Call
    +61 413 104 002

    More about 1/448-452 Goodwood Road Cumberland Park SA 5041

    1/448-452 Goodwood Road Cumberland Park SA 5041 is categorized as Office. It has a floor area of 174 m². The listing ID for this property is 2019529878.

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