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).