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227 North Terrace Adelaide SA 5000

  • Other
  • 183 m²
  • For Sale, Please contact agent

Residential portfolio providing commercial investment yield

  • Average annual income of $175,000* net
  • 9 fully refurbished apartments
  • Incredible views across North Terrace

Colliers International is pleased to present the opportunity to purchase 9 fully leased residential apartments within 227 North Terrace, Adelaide.

227 North Terrace represents an outstanding residential investment opportunity offering commercial level returns. The recently refurbished high quality apartments, in a highly sought after CBD location, offer secure long term income with a significant level of cashflow.

Positioned directly adjacent the Adelaide University and University of South Australia campuses, the location is underpinned by its convenient proximity to the Universities, State Library, State Museum, State Art Gallery and Rundle Mall.

Further key attributes include:

9 fully refurbished and furnished apartments with combined floor area of 586sqm*
6 year formal agreement with UniLodge expiring 2026
Average annual income of $175,000* net, underwritten by vendor for 12 months
Incredible views across North Terrace Cultural Boulevard, North Adelaide and Adelaide Oval
Flexibility to set and forget, owner occupy, self-manage or sell down
Enviable location directly opposite Universities, Rundle Mall, State Library, Art Gallery and Museum

For sale by Expressions of Interest closing 14th December 2021 at 3pm (ACDT).

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:

Rhys Newman - 0477 881 265
Alistair Mackie - 0412 817 977
Jordan Schmidt - 0403 422 762

Rhys Newman
Colliers International Adelaide
Rhys Newman
Colliers International Adelaide
Alistair Mackie
Colliers International Adelaide
Alistair Mackie
Colliers International Adelaide
Jordan Schmidt
Colliers International Adelaide
Jordan Schmidt
Colliers International Adelaide

Property Highlights

Property ID2017433982
Floor Area183 m²
Land Area184 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  23 Nov 2021
Map for 227 North Terrace Adelaide SA 5000
Map for 227 North Terrace Adelaide SA 5000227 North Terrace Adelaide SA 5000
Rhys Newman
Colliers International Adelaide
Rhys Newman
Colliers International Adelaide
Alistair Mackie
Colliers International Adelaide
Alistair Mackie
Colliers International Adelaide
Jordan Schmidt
Colliers International Adelaide
Jordan Schmidt
Colliers International Adelaide

Property Highlights

Property ID2017433982
Floor Area183 m²
Land Area184 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  23 Nov 2021
Colliers International Adelaide
Level 9, 121 King William Street Adelaide SA 5000
Rhys Newman
Colliers International Adelaide
Rhys Newman
Colliers International Adelaide
Alistair Mackie
Colliers International Adelaide
Alistair Mackie
Colliers International Adelaide
Jordan Schmidt
Colliers International Adelaide
Jordan Schmidt
Colliers International Adelaide
Rhys Newman

Rhys Newman

Colliers International Adelaide

Alistair Mackie

Alistair Mackie

Colliers International Adelaide

Jordan Schmidt

Jordan Schmidt

Colliers International Adelaide

0477 *** ***
0477 881 265

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