Sportsmed Office

Sportsmed Office

32 Payneham Road, Stepney

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 which incorporates a state-of-the-art dedicated orthopaedic facility and is the largest of its type in Australia.

Sportsmed SA 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.

Property Summary

As at 31 December 2020 Sportsmed Office
32 Payneham Road, Stepney
  • $5.0m Market Value
  • 15.1yrs WALE
Asset class Medical Office Building
Occupancy 100%
Major tenant Sportsmed SA
Market capitalisation rate 6.0%