Secure Medical Centre Investment


359 Main South Road

Morphett Vale SA 5162




    • Building Name Medical One
As new building fully leased to Medical One Pty Ltd for 10+5+5 with the initial term expiring September 2018.

The property is strategically located on Main South Road, Morphett Vale approximately 23 kilometres south of the Adelaide CBD, and minutes from Southgate Plaza Shopping Centre.

Morphett Vale is a well established retail and commercial hub and Main South Road is the major southern arterial corridor.

> Site Area of 3,826sqm (approx.)
> Frontage of 63.09 metres (approx.)
> Building Area of 1,290sqm (approx.)
> Net Rental of $355,136.28 + GST (approx.) per annum as at 15 September 2011
> Rental Reviews of 3.0% with a market review at renewal, subject to a ratchet clause
> Zoning is in District Centre – Policy Area 10 Mixed Commercial, Corporation of the City of Onkaparinga
> Balance of 10 + 5 + 5 year lease to Medical One Pty Ltd (initial term expiring 14 September 2018)
> New construction with potential building allowance and depreciation benefits for to tax paying entities
> Substantial corner site with excellent exposure and significant frontage to Main South Road

For Sale by Private Treaty

For further information please contact one of our agents - Jamie Guerra or Lukas Weeks

Jones Lang LaSalle RLA 1842