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CBRE - South Australia (RLA 208125)
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215-225 North Terrace Adelaide, SA 5000

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For Sale - Expression of Interest

215-225 North Terrace Adelaide, SA 5000

Other • Shop & Retail • Offices
Sale Price

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Land area

0.56ha (1.37 acres)

Floor area

4195.0m²

Property extent

Whole

Tenure type

Tenanted Investment

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

CBRE - South Australia (RLA 208125)
215-225 North Terrace
Adelaide, SA 5000
Alistair Laycock
Ian Thomas

CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street
ADELAIDE, SA 5000

Agency contacts

CBRE - South Australia (RLA 208125)

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CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street
ADELAIDE, SA 5000
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Alistair Laycock

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Alistair Laycock
CBRE - South Australia (RLA 208125)
215-225 North Terrace Adelaide, SA 5000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Alistair Laycock

    Alistair Laycock

    CBRE - South Australia (RLA 208125)
    0412 *** ***
  • Ian Thomas

    Ian Thomas

    CBRE - South Australia (RLA 208125)
    +61 *** ***