28-30 Hindley Street, Adelaide

28-30 Hindley Street, Adelaide, SA 5000

Expressions of Interest
Contact Agent

Other
Property No. 300144
Contact Us

Exceptional, Highly Strategic CBD Portfolio with Secure Cash Flow

JLL is delighted to exclusively present 28-30 Hindley Street which forms part of an exceptional, highly strategic CBD portfolio, including 215-225 North Terrace and 52-70 Frome Street.

We highlight the key property features below:

·        Anchored by leading car park operator Wilson Parking, accounting for more than 80%* of gross tenant income, underpins the assets core credentials
·        100% occupied, providing excellent income security
·        Over 45%* of GLA leased to the South Australia Police – a secure government covenant
·        Well positioned to benefit from further development and the ongoing rejuvenation of the Adelaide CBD
·        Opportunity to increase revenue via an uplift in the car park base rent on expiry
·        DA approval to extend and develop the existing car park to include additional bays
·        Long-term future redevelopment potential including conversion to office or other use
·        Fully leased net income $2.6m* as at 30 November 2018

For sale in one line or individually by EOI closing Thursday 11 October at 12 noon (AEDT)

*Approximately

JLL
RLA1842
JLL is delighted to exclusively present 28-30 Hindley Street which forms part of an exceptional, highly strategic CBD portfolio, including 215-225 North Terrace and 52-70 Frome Street.

We highlight the key property features below:

·        Anchored by leading car park operator Wilson Parking, accounting for more than 80%* of gross tenant income, underpins the assets core credentials
·        100% occupied, providing excellent income security
·        Over 45%* of GLA leased to the ...
Last updated

07 Sep 2018

Building

Whole


Floor area

2,461 sqm

Tenure type

Tenanted


CarSpaces

614

ParkingComments

614 parking bays

JLL

28-30 Hindley Street, Adelaide

28-30 Hindley Street, Adelaide, SA 5000
Expressions of Interest
Contact Agent
Other
Property No. 300144

Property details

Exceptional, Highly Strategic CBD Portfolio with Secure Cash Flow

JLL is delighted to exclusively present 28-30 Hindley Street which forms part of an exceptional, highly strategic CBD portfolio, including 215-225 North Terrace and 52-70 Frome Street.

We highlight the key property features below:

·        Anchored by leading car park operator Wilson Parking, accounting for more than 80%* of gross tenant income, underpins the assets core credentials
·        100% occupied, providing excellent income security
·        Over 45%* of GLA leased to the South Australia Police – a secure government covenant
·        Well positioned to benefit from further development and the ongoing rejuvenation of the Adelaide CBD
·        Opportunity to increase revenue via an uplift in the car park base rent on expiry
·        DA approval to extend and develop the existing car park to include additional bays
·        Long-term future redevelopment potential including conversion to office or other use
·        Fully leased net income $2.6m* as at 30 November 2018

For sale in one line or individually by EOI closing Thursday 11 October at 12 noon (AEDT)

*Approximately

JLL
RLA1842


Last updated

07 Sep 2018

Building

Whole

Floor area

2,461 sqm

Tenure type

Tenanted

CarSpaces

614

ParkingComments

614 parking bays


Brokers

Jamie Guerra
+61 418 849 780
JLL - Adelaide
Level 18, Grenfell Centre, 25 Grenfell Street
Adelaide SA 5000
Roger Klem
+61 423 919 373
JLL - Adelaide
Level 18, Grenfell Centre, 25 Grenfell Street
Adelaide SA 5000
Simon Rooney
+61 418 284 680
JLL - Sydney
Level 25420 George Street
Sydney NSW 2000

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