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225 North Terrace, Adelaide, SA 5000

225 North Terrace, Adelaide, SA 5000

Other

  • For Sale
  • Contact Agent
  • Expression of Interest

HIGH YIELDING CAR PARK ASSET

  • CORE ADELAIDE CBD LOCATION
  • ZERO STAMP DUTY
  • 97% LEASED TO LONG TERM TENANTS

  • Floor Area
  • 4,180 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Mar 01, 2021
  • Parking Comments
  • 1,206 car parking bays

Interested in this property? Contact an Agent today

CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street

Adelaide SA 5000

Alistair Laycock
Knight Frank - Adelaide (RLA 199257)

Level 25 Westpac House, 91 King William Street

Adelaide SA 5000

Oliver Totani

HIGH YIELDING CAR PARK ASSET

With 80% of people in Adelaide driving to work and one of the most accessible car parks in the Adelaide CBD, 225 North Terrace is perfectly located to provide convenient parking for shopping, dining, business, universities, cultural experiences and entertainment seekers.

- 97% leased with long term leases to anchor tenants Wilson Parking Australia and David Jones Limited.
- $7.495M pa estimated fully leased net income.
- 4.43-year WALE by gross income with owner option renewal.
- 1,206 car parking bays.
- Basement, ground and first floor retail accommodation of some 4,180sqm within the Charles Street Plaza.
- Only 50 metres (approx.) from Rundle Mall.

For Sale by Expressions of Interest closing 4pm (ACDT) Thursday 3 December 2020.

225 North Terrace, Adelaide, SA 5000

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