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Residential portfolio providing commercial investment yield - #1
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For Sale

Expressions of Interest closing 14th Dec 2021 Colliers - Adelaide
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.

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