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421-423 Goodwood Road
Westbourne Park SA 5041
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Sold on 1 Sep 2023

421-423 Goodwood Road Westbourne Park SA 5041

  • Shop & Retail
  • 1,161 m²
  • Sold

Inner City Adelaide Veterinary Investment Leased to Global Private Equity Giant

    Burgess Rawson and CBRE Adelaide are pleased to offer to the market the AdelaideVet freehold interest for sale via Burgess Rawson Investment Portfolio 162.
    + 10 year Lease to September 2029 plus options to 2039.
    + AdelaideVet: wholly owned subsidiary of Australia and New Zealand?s largest vet group, Vet Partners.
    + Vet Partners: Wholly owned by Luxembourg based JAB Holding Company, with $50billion+ in managed capital (Krispy Kreme, Schweppes, Gucci, Calvin Klein and more).
    + Fixed 3% annual rent increases ensuring income growth.
    + Tenant pays usual outgoings including management fees (excl land tax).
    + Well presented and maintained 1,161sqm building extensively repurposed in 2019 for AdelaideVet.
    + Substantial 2,977sqm freehold landholding with 29 sealed and lined car spaces on title.
    + Single tenant minimum management investment.
    + Affluent inner city suburb of Adelaide only 4kms from the CBD.
    + Net income: $344,082 pa + GST.
    For Sale by Investment Portfolio Auction
    10:30am (AEST) Wednesday 2 August 2023
    Crown Casino, River Room.

    AUCTION

    Auction date and time02/08/2023 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 Sold1 Sep 2023
    Floor Area1,161 m²
    Land Area2,977 m²
    ParkingAsk Agent
    Property ID2018629960
    Category
    Last updated  4 Aug 2023
    Map for 421-423 Goodwood Road Westbourne Park SA 5041
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold1 Sep 2023
    Floor Area1,161 m²
    Land Area2,977 m²
    ParkingAsk Agent
    Property ID2018629960
    Category
    Last updated  4 Aug 2023

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Harry Einarson
    Harry Einarson
    CBRE South Australia RLA 208125
    Call
    +61421 747 442

    More about 421-423 Goodwood Road Westbourne Park SA 5041

    421-423 Goodwood Road Westbourne Park SA 5041 is categorized as Shop & Retail Property. It has a floor area of 1,161 m² and a land area of 2,977 m². The listing ID for this property is 2018629960.

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