A Sydney-based private investor has purchased a medical centre in St Marys, South Australia for $3.71 million, in a deal brokered by Burgess Rawson’s Beau Coulter and Shaun Venables in conjunction with Oliver Totani and Jack Dyson of Knight Frank Adelaide.

Located at 135-139 Daws Road, the centre comprises two modern buildings with a combined area of 755 square metres and a site area of 1,835 square metres.

Anchored by Daws Road Medical Centre and Sonic Healthcare, the property is leased at a total net annual rental of $247,736 with an average WALE of 5.2 years.

Mr Coulter said the South Australian commercial property market is attracting buyers from across the country due to favourable investing conditions such as the absence of stamp duty fees.

Click here to read article on Retalk Asia:  Life sciences real estate reaches 100 million sq. ft. with major hubs like Shanghai, Beijing, Tokyo, Singapore, and Melbourne; US$18 billion of funds has been raised to invest in life sciences real estate.

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