225 North Terrace Adelaide SA 5000
- 4,180 m²
- Expressions of Interest
HIGH YIELDING CAR PARK ASSET
- CORE ADELAIDE CBD LOCATION
- ZERO STAMP DUTY
- 97% LEASED TO LONG TERM TENANTS
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.
EXPRESSION OF INTEREST
|Closing date and time||03/12/2020 04:00|
|Recipient name||Ask Agent|
|Delivery address||CBRE & Knight Frank|
|Floor Area||4,180 m²|
|Land Area||Ask Agent|
|Parking||On site parking available|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||10 Nov 2020|