Whole Building/199 Sturt Road Seacombe Gardens SA 5047

Knight Frank is excited to present Marion Specialist Centre, located at 199 Sturt Road, Seacombe Gardens, South Australia For Sale.

Marion Specialist Centre is a modern state-of-the-art two-level medical centre extensively refurbished in 2021/22, fully leased to eight established medical and allied health tenants that provide the incoming purchaser a secure diversified cashflow anchored by Radiology SA and underpinned by a staggered lease expiry profile with a WALE of 5.0* years (by income).

2021/22 upgrades include a major contemporary façade upgrade, lift replacement, full refurbishment of common bathrooms, new ceilings, LED lighting, floor coverings throughout common areas, replacement of the air conditioning systems, fire and security systems in addition to landscaping and upgrading the car parking area.

Strategically positioned directly opposite Westfield Marion, South Australia's largest shopping centre, which serves as a major commercial and retail hub for the southern suburbs.

Key investment highlights:
- 100% leased multi-tenant specialist medical centre
- Net income $448,975* per annum anchored by longstanding tenant Radiology SA (37% of NLA; Jul-32)
- 5.0-year* WALE with staggered lease expiry
- Fully refurbished improvements across two levels providing 978 sqm* of NLA
- Prominent and strategic location positioned directly across from Westfield Marion with 22,700* cars passing daily
- Diversified mix of complimentary tenants and a strong history of tenant retention
- Significant 1,763 sqm* freehold site providing 34 car parks
- Zero Stamp Duty payable on commercial transactions in SA

Please contact the exclusive agents to arrange an inspection of the Marion Specialist Centre.

*Approximate