Property Details for 227 North Tce, Adelaide
Last Listing description (May 2023)
Residential portfolio providing commercial investment yield
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
Property History for 227 North Tce, Adelaide, SA 5000
- 22 Nov 2021Listed for Sale Please contact agent
- 31 Mar 2020Listed for Rent From $195 per week
- 23 Jun 2019Listed for Rent $225
Recent sales nearby
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.
Adelaide has 18,493 properties. Over the last 5 years, Houses in Adelaide have seen a 42.19% increase in median value, while Units have seen a 34.49% increase. As at 30 November 2025:
- The median value for Houses in Adelaide is $1,174,343 while the median value for Units is $580,952.
- Houses have a median rent of $650 while Units have a median rent of $610.
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