Key Social Infrastructure Asset – SA Government Lease

Cushman & Wakefield and Leedwell Property are pleased to bring to market a key piece of Adelaide’s healthcare infrastructure, the Northern Community Mental Health Centre located at 7-9 Park Terrace, Salisbury.  The Northern Community Mental Health Centre is one of three purpose built mental health facilities  strategically spread across Adelaide in 2012. 
The property is conveniently positioned within the Salisbury Town Centre which contains two retail shopping centres – Salisbury Shopping Centre and Parabanks Shopping Centre – and a range of medical, commercial and public services. 

The facility further benefits from its proximity to the Salisbury Train Station, nearby bus stops and abundance of public parking. This retail amenity and public infrastructure, coupled with high degree of accessibility, underpins  the long-term desirability of the property.

 We further highlight the below key features:
-    15-year lease to SA Government expiring Nov-27 
-    2 x 5-year rights to renew
-    1,929sqm lettable area over two levels
-    Net income of $866,661pa* 
-    Expansive site area of 3,881sqm with 91 onsite carparks
-    Annual fixed rental increases
-    Zoned Urban Activity Centre
 
The Northern Community Mental Health Centre offers investors the opportunity to acquire a crucial piece of social infrastructure in the Northern Adelaide Local Health Network and we strongly endorse this asset for your serious consideration.

For more information or to arrange an inspection please contact the agents. Inspections strictly by appointment only.

For Sale via Expression of Interest closing 4pm Thursday 28 March 2024.

RLA315726
RLA222531

*approximate