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 options to 2036. + Minister of Infrastructure and Transport: Government body with an annual operating budget exceeding $1.1 billion with more than 3000 employees.** + New 2024 construction providing significant depreciation benefits. + Strategic 173sqm* corner building with quality fit-out, along inner-metro location, with 31,600* vehicles passing daily via Goodwood Road.*** + Fixed 3% rent increases annually ensuring rental growth. + Situated within close proximity to Hungry Jack’s, Cumberland Park Woolworths and Big W, Castle Plaza Shopping Mall (Coles, Cellarbrations + 50 retailers), Mitcham Square Shopping Centre (Woolworths + 58 retailers) and only 4.5km* from the Adelaide CBD. + Cumberland Park: Affluent inner-metro Adelaide suburb, with a median house price of $1,253,750.**** + 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 in South Australia. + Net Income: $71,460 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 ****Realestate.com.au *****CommSec State of States Report
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Knight Frank - Adelaide (RLA 199257)
Level 29, 91 King William Street, Adelaide, SA
Inmueble ID: 504701656