Sportsmed Consulting
Adelaide, South Australia
Property Summary
As at 30 Jun, 2019
Asset class:
Medical office building
Market value:
A$8,190,000
Market capitalisation rate:
5.50%
WALE:
16.6 years
Occupancy:
100%
Major tenant:
Sportsmed SA
Location:
24 Payneham Road, Stepney
Wale:
16.6 years
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.
