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14-16 Robert Street
Maitland SA 5573
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Sold on 23 Jun 2023

14-16 Robert Street Maitland SA 5573

  • Medical / Consulting
  • 173 m²
  • Sold

Entry Level Pharmacy Investment | Longstanding Tenant in Operation Since 1980's

    Burgess Rawson, in conjunction with Knight Frank SA, is pleased to offer to the market 14-16 Robert Street, Maitland SA, for sale via our Investment Portfolio Auction 161.

    This opportunity has the following key investment highlights:

    +Long 10 year net lease to Maitland Pharmacy to 2027.
    +Two further 5 year options to 2037.
    +Noel Allen Group: established and proven pharmacy provider with a network of 25 locations across South Australia, New South Wales & Tasmania.
    +Fixed 3% annual rent increases.
    +Tenant pays all outgoings including management fees.
    +Central 173sqm* pharmacy, offering potential future value add/redevelopment optionality (STCA).
    + Adjoining 124sqm* building leased by tenant for storage.
    +Strategic 785sqm* main road corner site with frontages to Alice Street and Robert Street, the municipalities main commercial and retail service centre.
    +Conveniently located adjacent to the Yorke Valley Hotel, opposite Foodland Supermarket, and close to Australia Post, Maitland Police Station, Maitland Hospital and Eldercare The Village.
    +Maitland: geographical 'heart' of the Yorke Peninsula Council, only a 15 minute drive from both the east and west coasts and underpinned by a booming agriculture sector.
    +Stamp Duty free investment opportunity.
    +Net Income: $41,792 pa* + GST (as at November 2023).

    For Sale by Investment Portfolio Auction
    10:30am AEST Wednesday 21 June 2023
    Crown Casino, Melbourne

    Burgess Rawson
    Raoul Holderhead RLA319037

    AUCTION

    Auction date and time21/06/2023 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 Sold23 Jun 2023
    Floor Area173 m²
    Land Area785 m²
    ParkingAsk Agent
    Property ID2018547517
    Category
    Last updated  23 Jun 2023
    Map for 14-16 Robert Street Maitland SA 5573
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold23 Jun 2023
    Floor Area173 m²
    Land Area785 m²
    ParkingAsk Agent
    Property ID2018547517
    Category
    Last updated  23 Jun 2023

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Sam Mercuri
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 709

    More about 14-16 Robert Street Maitland SA 5573

    14-16 Robert Street Maitland SA 5573 is categorized as Medical & Consulting Property. It has a floor area of 173 m² and a land area of 785 m². The listing ID for this property is 2018547517.

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