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4 Draper Street
Kadina SA 5554
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Sold on 22 Feb 2024

4 Draper Street Kadina SA 5554

  • Medical / Consulting
  • 667 m²
  • Sold

New 5 Year Lease to one of South Australia's Leading NDIS Equipment & Service Providers

    Burgess Rawson is pleased to offer to market 'Novita Services' located at 4 Draper Street, Kadina SA for sale via Auction Investment Portfolio 166.

    The opportunity has the following key investment highlights:

    + New five (5) year lease to 'Novita Services' to 2028.
    + Two (2) further 5 year options to 2038.
    + Novita Services: established business of 80+ years and one of South Australia's largest NDIS disability support providers.**
    + Strong rental growth forecast with annual CPI rent reviews.
    + Well maintained 356sqm* office building with current major tenant funded upgrades (circa $300,000) plus 311sqm* storage shed at rear.
    + Strategic 1,263sqm* landholding positioned amongst Kadina's CBD and nearby national retailers including Cheap as Chips, ALDI, Pets Domain, Toyota, Hungry Jacks, McDonald's, Kmart and Woolworths.
    + Kadina: key commercial service centre and capital of the Yorke Peninsula.
    + Copper Coast: progressive and successful municipality servicing a population in excess of 15,000 people, anticipated to grow 7% each year for the next decade.***
    + Stamp duty free investment opportunity.
    + Combined Net Income: $110,558 pa* + GST.

    For Sale by Investment Portfolio Auction
    10:30am AEDT Wednesday 21 February 2024
    Crown Casino, Melbourne

    *approx
    ** Novita Services
    *** Copper Coast Council

    AUCTION

    Auction date and time21/02/2024 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 Sold22 Feb 2024
    Floor Area667 m²
    Land Area1,263 m²
    ParkingAsk Agent
    Property ID2019008037
    Category
    Last updated  21 Feb 2024
    Map for 4 Draper Street Kadina SA 5554
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold22 Feb 2024
    Floor Area667 m²
    Land Area1,263 m²
    ParkingAsk Agent
    Property ID2019008037
    Category
    Last updated  21 Feb 2024

    Co-Agents

    Zomart He 何梓轩
    Burgess Rawson VIC Pty Ltd
    Call
    0488 220 830
    Sam Mercuri
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 709

    More about 4 Draper Street Kadina SA 5554

    4 Draper Street Kadina SA 5554 is categorized as Medical & Consulting Property. It has a floor area of 667 m² and a land area of 1,263 m². The listing ID for this property is 2019008037.

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