Share this property

CBRE - South Australia (RLA 208125)
Directions

215-225 North Terrace Adelaide, SA 5000

Directions

For Sale - Expression of Interest

215-225 North Terrace Adelaide, SA 5000

Other • Shop & Retail • Offices
Sale Price

Contact Agent

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: 15 May 2019

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

CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street
ADELAIDE, SA 5000

Agency contacts

CBRE - South Australia (RLA 208125)

View Profile

CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street
ADELAIDE, SA 5000
progress tick

Sending email...

Email enquiry

Ian Thomas

Send to:

Ian Thomas
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,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call

  • Ian Thomas

    Ian Thomas

    CBRE - South Australia (RLA 208125)
    +61 *** ***
  • Alistair Laycock

    Alistair Laycock

    CBRE - South Australia (RLA 208125)
    0412 *** ***