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 option to 2036.
+ Minister of Infrastructure and Transport: Government body with an annual operating budget exceeding $1.1 billion with more than 3,000 employees.**
+ Brand new 174sqm* premises with dual frontage and exposure with brand new fit out and allocated car spaces providing excellent tax saving depreciation benefits.
+ Fixed annual 3% rent increases ensuring rental growth.
+ Strategic high exposure position evidenced by neighbouring childcare centre, obstetrics (owner occupied) and amongst Adelaide Vet (Vet Partners), Hungry Jacks, BWS and major shopping centres within close proximity.
+ Goodwood Road is a major north-south arterial road, stretching 10 km* and with 31,600 vehicles passing daily.***
+ Cumberland Park: Affluent inner-metro Adelaide suburb only 5kms from Adelaide CBD, with a median house price of $1,245,000.****
+ 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 on commercial property in South Australia.
+ Net Income: $69,210 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