1-3 Addison Road, Pennington, SA, 5013

CBRE are excited to present to market 1-3 Addison Road, Pennington for their valued client Australian Unity. This 1,275sqm* building offers an investor a single-tenant ‘set and forget’ investment opportunity with $596,128p.a.* of estimated net passing income. The property is leased on a 15-year term until 2033 with options out until 2054 to Family Doctor Pty Ltd – with over 80 locations around Australia.

The property is prominently situated on the corner of Addison and Torrens Roads with a total land size of 2,493sqm* across two titles. With over 25,000 daily passing vehicles, the property is well exposed and gives easy access to the 50 secure on site car parks.

The key investment highlights include:

- Estimated net passing income of $596,128p.a.

- Well presented medical clinic of 1,275sqm*

- Prime corner located site boasting 2,493sqm* across two titles

- 50 secure onsite car parks

- Secure lease to 2033 with 25 years of additional options

- Local Activity Centre zoning (City of Charles Sturt)

The property is for sale via Expressions of Interest closing at 4:00pm on the 3rd of October

For more information then please give the sole marketing agents from CBRE a call:

Ned Looker: 0448 689 573

Rhyce Scott: 0422 960 585

Oliver Grivell: 0478 069 579

Remember to mention you found this property on CommercialReady