SOLD
Sold on 10 Oct 2024 for $42,000,000

16 Playford Boulevard
Elizabeth SA 5112

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 16 Playford Bvd, Elizabeth

Building Type
Commercial
Year Built
2010
Local Government
Playford
Lot/Plan
A1000/D82828

Last Listing description (December 2023)

GP Plus Health Care Centre - 16 Playford Boulevard, Elizabeth, SA

JLL is proud to exclusively present for sale, GP Plus Health Care Centre, an exceptional opportunity to acquire a rare, purpose-built, public health care asset, in a strategic location.

Located in Elizabeth, GP Plus Health Care Centre, provides strong income security, backed by a government health care operator and a residual term of 6.97 years*.



GP Plus Health Care Centre provides a highly secure and stable income stream through a long-term government supported lease.
Purpose-built, with recent capex supporting tenant retention.
Unique management fee, with reviews at CPI +1%.
CPI-linked annual reviews, complemented by a ratchet clause ensures consistent income growth.
Net operating income of $3.07 million per annum.
Strategically located in growing area of Elizabeth, to support the public health needs of the community.

Offering necessary services like, general practitioner services, dental services, and immunisation services, GP Plus Health Care Centre is well positioned to support the ongoing needs of the surrounding community.

A 100% freehold interest in GP Plus Health Care Centre is for sale via Expressions of Interest (EOI) closing Wednesday 25th October 2023 at 2:00pm (AEDT).

*Approximately as at 1st September 2023

Property History for 16 Playford Bvd, Elizabeth, SA 5112

A timeline of how this property has performed in the market
Last Sold
$42,000,000
10 Oct 2024
  • 21 Sep 2023
    Listed for Sale Contact Exclusive Selling Agents
  • 23 Aug 2016
    Listed for Sale EXPRESSIONS OF INTEREST

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About Elizabeth 5112

The size of Elizabeth is approximately 1.9 square kilometres. It has 9 parks covering nearly 27.4% of total area. The population of Elizabeth in 2011 was 1,038 people. By 2016 the population was 1,024 showing a population decline of 1.3% in the area during that time. The predominant age group in Elizabeth is 30-39 years. Households in Elizabeth are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth work in a labourer occupation. In 2011, 45.5% of the homes in Elizabeth were owner-occupied compared with 45.3% in 2016.

Elizabeth has 592 properties. Over the last 5 years, Houses in Elizabeth have seen a 167.17% increase in median value, while Units have seen a 112.84% increase. As at 30 November 2024:

  • The median value for Houses in Elizabeth is $508,328 while the median value for Units is $300,176.
  • Houses have a median rent of $395 while Units have a median rent of $220.
There are currently 1 property listed for sale, and 1 property listed for rent in Elizabeth on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Elizabeth.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.