Sportsmed Office
Adelaide, South Australia
Property Summary
As at 30 Jun, 2020
Asset class:
Medical office building
Market value:
A$4,600,000
Market capitalisation rate:
6.00%
WALE:
15.6 years
Occupancy:
100%
Major tenant:
Sportsmed SA
Location:
36 George Street, Stepney
Wale:
15.6 years
Sportsmed Office 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 & clinic which incorporates a state of the art dedicated orthopaedic facility and is the largest of its type in Australia.
Sportsmed Office houses the administration and executive offices which support the hospital. It is a two storey building with medium-term redevelopment potential to support clinical growth of the hospital
