Tennyson Centre506-520 South Road, Kurralta Park
This property comprises a modern, two-level medical facility encompassing a range of medical service offerings across a total Net Lettable Area of approximately 6,568m2. The tenancy mix includes cancer specialists, pathology, radiology, imaging services and other specialist and allied health tenants. A communal conference centre, library and cafe is also provided. The centre currently has a WALE of 2.87 years (by income). The building comprises a front and rear entrance which is accessed from at-grade car parking around the perimeter of the building for 256 vehicles. Tennyson Centre is located on a 12,600m2 allotment with main road frontage to South Road. The property is located in the City of West Torrens LGA and is zoned ‘Suburban Activity Centre’ pursuant to the Planning and Design Code.
Property SummaryAs at 31 December 2021 Tennyson Centre 506-520 South Road, Kurralta Park
$96.4m Market Value
|Asset class||Ambulatory Care|
|Major tenant||ICON Cancer Centre|
|Market capitalisation rate||4.8%|