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225 North Terrace Adelaide SA 5000

  • Other
  • 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 time03/12/2020 04:00
Recipient nameAsk Agent
Delivery addressCBRE & Knight Frank

Property Highlights

Property ID2016614539
Floor Area4,180 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  10 Nov 2020
Map for 225 North Terrace Adelaide SA 5000
Map for 225 North Terrace Adelaide SA 5000225 North Terrace Adelaide SA 5000
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

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