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199 Sturt Road, Seacombe Gardens, SA, 5047

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199 Sturt Road, Seacombe Gardens, SA, 5047

Seacombe Gardens

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199 Sturt Road, Seacombe Gardens, SA, 5047

Seacombe Gardens

199 Sturt Road, Seacombe Gardens, SA, 5047

199 Sturt Road, Seacombe Gardens, SA, 5047

Properties / Buy / South Australia / Seacombe Gardens
Tenanted Investment

1. Property Summary

Selling Method
EOI
Selling Details
Closing Thursday 10 April 2025 at 4:00 pm (ACST).
Land Area
1,763 m² (*approx)
Floor Area
978 m² (*approx)
Property Type
Health/Medical
Sub-type
Health Care & Medical, Consulting Rooms
Est. Income
$448,975 p/a
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2. Property Highlights

Marion Specialist Centre
  • Modern high performing medical centre
  • Secure 5.0-year WALE (by income)
  • Diversified net income of $448,975* p.a

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

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

199 Sturt Road is offered For Sale via Expressions of Interest, closing Thursday 10 April 2025 at 4:00 pm (ACST).

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

*Approximate

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Health/Medical
Sub-type
Health Care & Medical, Consulting Rooms
Est. Income
$448,975 p/a
Wale
5 years
Land Area
1,763 m² (*approx)
Floor Area
978 m² (*approx)
Selling Method
EOI
DATAROOM AVAILABLE
Request Access
EOI Closing Date
10 Apr 2025 04:00PM
Selling Details
Closing Thursday 10 April 2025 at 4:00 pm (ACST).

2. Property Highlights

Marion Specialist Centre
  • Modern high performing medical centre
  • Secure 5.0-year WALE (by income)
  • Diversified net income of $448,975* p.a

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

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

199 Sturt Road is offered For Sale via Expressions of Interest, closing Thursday 10 April 2025 at 4:00 pm (ACST).

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

*Approximate

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment

4. Property Location

199 Sturt Road, Seacombe Gardens, SA, 5047

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