TOOP+TOOP is pleased to exclusively present for sale 1–5/2 East Terrace, Adelaide, by Expression of Interest closing Wednesday 18 November 2026 at 4pm (ACDT).

Occupying a prominent corner position at the intersection of East Terrace and North Terrace, the distinguished five-level heritage building presents a compelling investment opportunity within Adelaide’s CBD.

- 100% leased
- $129,516 net annual income
- 2.57 year WALE
- Approximately 625sqm of building area
- Each unit has kitchen and bathroom amenities
- Zoned Capital City
- Majority Share at 58.75% of the Strata entitlements
- Iconic State Heritage Listed building, built circa 1860’s

The property comprises five strata-titled units, with Units 1, 2, 3 and 5 leased to commercial tenants and Unit 4 leased for residential use. The asset is currently 100% occupied, generating a net annual income of $129,516, supported by a Weighted Average Lease Expiry (WALE) of 2.57 years.

Combining established income, a diversified tenancy profile and a prominent position adjacent to Adelaide’s cultural, educational and commercial precincts, the offering presents an attractive opportunity for investors seeking a foothold in one of the city’s most tightly held locations.

For Sale by Expression of Interest closing Wednesday 18 November 2026 at 4pm (ACDT).

Disclaimer: TOOP+TOOP has taken all reasonable care to ensure this property information is accurate at the time of publication. Information has been obtained from sources we believe to be reliable, including the vendor, relevant authorities and third-party suppliers. However, we cannot guarantee its accuracy or completeness and, to the extent permitted by law, accept no liability for any errors or omissions. This includes, but is not limited to, land size, floor plans, building area, building age, condition, zoning, council rates and rental figures. Details may change after publication. Measurements, floor plans and images are a guide only, and some images may be digitally styled or virtually furnished. Interested parties should make their own enquiries, including with relevant authorities, and obtain independent legal and financial advice before proceeding. RLA 301309, RLA 301302, RLA 317292