215-225 North Terrace Adelaide, SA 5000
0.56ha (1.37 acres)
3 CORE CBD ASSETS
- Three Prime Carpark Investments
- Over 99% Occupancy
- 4.24 Year WALE (by gross income)
215-225 North Terrace, Adelaide
28-30 Hindley Street, Adelaide
52-70 Frome Street, Adelaide
KEY PORTFOLIO HIGHLIGHTS:
- Three core Adelaide CBD carpark and retail assets offered either individually or as a portfolio.
- Over 99% occupancy.
- 4.24 year WALE (by gross income).
- 75% of gross income from Wilson Parking.
- Long-term investment with potential future owner operator opportunity.
- Fully leased Net Income (215-225 North Terrace $6.910M; 28-30 Hindley Street $2.73M; 52-70 Frome Street $2.2M).
- 3.5% pa + fixed increases over 80% of the portfolio.
- Multi-option value add potential across the portfolio.
Property ID: 503114046Last Updated: 13 Mar 2019