215-225 North Terrace, Adelaide_Property for Sale

215-225 North Terrace, Adelaide, SA, 5000, AU

215-225 North Terrace, Adelaide

Asset Description

JLL is pleased to exclusively present to market Adelaide Central Car Park, one of Adelaide’s largest and best performing car parks, located in the heart of the CBD for sale by International Expression of Interest.

We highlight the key features below:

- Landmark asset in a prominent core CBD location amongst various supporting uses and significant proposed developments

- 1,206 bays across 8 levels providing an opportunity to acquire a secure cashflow at below replacement cost

- The only car park with dedicated traffic lights and 6 lanes of ingress and egress to North Terrace

- Secured by a recently renewed lease to long term occupier Wilson Parking Australia returning $4.92*m pa net

- Strongly performing car park with consistently high occupancy levels

...

Attributes

Occupancy

100%

Number of floors

Parking spaces

1,206

Call for offers

07/05/2025

Media

Investment Highlights

Adelaide Central Carpark represents one of South Australia's largest and most strategically located car park assets. With Adelaide's growing workforce of over 123,000 and 63.3% of CBD workers commuting by car, this asset is perfectly positioned to meet increasing demand for accessible parking in the CBD core.

Situated on Adelaide's cultural boulevard, the asset offers 1,206 parking bays across 8 levels, providing exceptional accessibility and integration with the city's major commercial, retail, cultural, and educational precincts. Notably, it is Adelaide CBD’s only car park with dedicated traffic lights for 6 entry and exit lanes for fast convenient ingress and egress onto North Terrace. The impressive frontage to North Terrace and prime location adjacent to Rundle Mall make this a landmark investment opportunity.

The car park's proximity to a number of major commercial and residential developments, as well benefiting directly from the Adelaide University and University of South Australia merger further enhances the assets long-term value proposition.

Wilson Parking Australia is the country's leading car park operator. Their strong operational performance over the long term at the asset underscores the attractiveness of the property as an investment.

The property is offered for sale by International Expression of Interest closing Thursday 8 May 2025 at 4pm.

For more information or to arrange an inspection, please contact exclusive selling agent JLL.

*Approx

JLL RLA 1842