89 Payneham Road, St Peters

JLL is pleased to exclusively present for sale 89 Payneham Road, St Peters – Dechert House, a distinctive medical investment opportunity featuring a converted 1890s character building that seamlessly blends character architecture with contemporary healthcare functionality. The property delivers secure rental income through an established surgical practice and a triple net lease structure, making the opportunity a true set and forget investment.

Dechert House benefits from a premium position in St Peters, one of Adelaide's most desirable inner eastern suburbs. The strategic location just 3.6km from Adelaide CBD ensures excellent connectivity while serving an affluent community with strong healthcare spending capacity.

With a newly executed 10-year lease plus options extending to 2050, this investment provides favourable income growth through 3% annual increases within a comprehensive net lease arrangement, positioning investors to benefit from both stable returns and long-term capital appreciation potential.