161 & 163 Edward Street, Melrose Park, SA 5039

Leedwell Property is excited to bring to market an ultra passive medical investment at 161 & 163 Edward Street, Melrose Park. The property is home to the Allcare Medical Centre, an established GP-anchored medical centre with over 40 years of strong trading history.

The property is set to benefit from the Federal Government's recent record commitment to $8.5bn towards providing additional bulk billing/free healthcare - directly supporting the primary care sector. The property is strategically positioned in proximity to South Road, Adelaide's major arterial corridor. Additionally, the property benefits from extensive car parking providing convenient access for clients, and immediately adjoins Resthaven Retirement Village and Aged Care Melrose Park providing immediate demand for primary care services.

Key investment highlights:
Net income of $670,352.59 pa*
100% leased to single tenant, Allcare Medical Centre
GP-anchored medical investment with complementary specialist and allied health services as subtenants
Triple-net lease structure with tenant paying all outgoings, property management, Land Tax and structural/capital repairs
13 year WALE with lease expiring July 2038
Annual CPI reviews (min 4%)
NLA of 1,055sqm
2,740sqm land area split over 2 titles
55 total car parks


The property is For Sale via Expression of Interest (EOI) closing Thursday 14 August 2025 at 4pm.

For access to the Due Diligence Dataroom, please get in contact.