116 Belair RoadHawthorn SA 5062
Property Details for 116 Belair Rd, Hawthorn
Last Listing description (December 2021)
116 Belair Road, Hawthorn presents an exceptional Investment opportunity.
The property is currently leased to Vet Partners, who own and operate 240 practices Australia Wide. They have recently purchased the existing business to capitalise on the remarkable goodwill. They are continuing to grow and given the expanding nature of the Veterinary Industry, this represents a very low risk for prospective Investors.
Current Rental of $85,884 Per Annum plus GST & Outgoings
• 8 years remaining on the Lease (expiring 16th December 2029)
Two (2) renewals of Five (5) years
Comprehensive list of Outgoings paid live - schedule can be provided.
National Tenant (240 practices Australia Wide)
Favorable Lease Terms
Inflation Proof - Yearly CPI reviews with Market Reviews on renewals
Secured by a 3 month Bank Guarantee
Building 201 square meters - built in 2004
896 square meter allotment
Paved car park 10-12 car spaces
Price Guide $1,700,000 (5% Net Yield)*
- Stamp Duty free on purchase
- May be sold GST FREE- Going Concern.
An excellent passive income opportunity.
Please Contact Gerry Petropoulos on 0419 610 812
* Approximate
Disclaimer:
RLA 134 - This advert contains information and imagery which is believed to be accurate based on Lin Andrews sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own enquiries about the validity and accuracy of this information and view the property before making any buying decisions.
Property History for 116 Belair Rd, Hawthorn, SA 5062
- 08 Mar 2024Transferred
- 15 Dec 2021Sold for $1,770,000
- 18 Oct 2021Listed for Sale EXPRESSIONS OF INTEREST CLOSE 03/11/21 (USP)
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About Hawthorn 5062
The size of Hawthorn is approximately 1.1 square kilometres. It has 6 parks covering nearly 9.4% of total area. The population of Hawthorn in 2011 was 2,210 people. By 2016 the population was 2,187 showing a population decline of 1.0% in the area during that time. The predominant age group in Hawthorn is 10-19 years. Households in Hawthorn are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation. In 2011, 72.3% of the homes in Hawthorn were owner-occupied compared with 72.4% in 2016.
Hawthorn has 941 properties. Over the last 5 years, Houses in Hawthorn have seen a 87.32% increase in median value, while Units have seen a 68.33% increase. As at 31 October 2024:
- The median value for Houses in Hawthorn is $1,766,282 while the median value for Units is $566,997.
- Houses have a median rent of $780 while Units have a median rent of $400.
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