215-225 North Terrace, Adelaide, SA 5000

parkingSpaces 1206
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Published on: 03 Apr 2025
Last updated on: 04 Apr 2025
215-225 North Terrace, Adelaide, SA 5000
215-225 North Terrace, Adelaide, SA 5000
215-225 North Terrace, Adelaide, SA 5000
+8
215-225 North Terrace, Adelaide, SA 5000
  • 8
Property ID: 504830556
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Key property information

Floor Area
37,727.00 m2
Parking Spaces
1206
Tenure Type
tenanted

Adelaide Central Car Park – A strategically located, significant investment asset underpinned by a strong long term trading history

215-225 North Terrace, Adelaide, SA 5000
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 
 


 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

Property Details

Basic Info

Property Type
Other
Listing Status
On Market
Parking Spaces
1206
Address
215-225 North Terrace, Adelaide, SA 5000

Floorplans and tours

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Ben Parkinson
Jack O'Leary
25 Grenfell Street, Adelaide, SA 5000
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Contact Agent

JLL - Adelaide

25 Grenfell Street, Adelaide, SA

Ben Parkinson
Ben Parkinson
Jack O'Leary
Jack O'Leary

JLL - Sydney

Level 27, 180 George Street, Sydney, NSW

Luke Billiau
Luke Billiau
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      Property ID: 504830556

      Original Property ID: 504830556
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