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Sportsmed Consulting

Adelaide, South Australia

Property Summary
As at 30 Jun, 2016

Asset class:

Medical office building

Market value:

A$1,710,000

Market capitalisation rate:

7.0%

WALE:

19.6 years

Occupancy:

100%

Major tenant:

Sportsmed SA

Location:

24 Payneham Road, Stepney

Sportsmed consulting is located in the suburb of Stepney approximately four kilometres north-east of Adelaide’s CBD, in South Australia. It is adjacent to Sportsmed SA hospital & clinics which incorporates a state of the art dedicated orthopaedic facility and is the largest of its type in Australia.

Sportsmed consulting is fully leased to Sportsmed Hospital SA Pty Ltd for 20 years and is currently undergoing a A$9.5m development to construct a stand-alone medical consulting building development.

Contact

Cameron Ramsay
National Acquisitions Manager

+61 3 8609 8415
+ 61 416 205 273

cramsay@vhpt.com.au

Mark Norman
National Development Manager

+61 3 8609 8412
+61 412 681 553

mnorman@vhpt.com.au