forecast distributions from years 2-5
Repositioning & Remixing Strategies
This represents a rare opportunity to acquire one of, if not the most successful, multi-deck car parks in the Adelaide CBD – adjacent and integrated with Rundle Place (one of Adelaide’s best retail centres) and connecting through to Rundle Mall, Adelaide’s premier retail and lifestyle shopping precinct and one of Australia’s busiest pedestrian malls.
The multi-deck car park (506 car spaces over 7 levels) is consistently performing well, currently operated by Secure Parking, and Fortius forecast we shall provide Investors with steady income and projected distributions averaging 7.0%* per annum over the Investment Term of 5 Years.
The car park is accessible from Grenfell Street and adjoins Adelaide’s premier office tower 80 Grenfell Street, currently home to Bendigo and Adelaide Bank and Elders Rural Bank. The car park customer base is drawn from the shopper accessing Rundle Place and Rundle Mall, the CBD office worker and the tourism population (domestic tourism far exceeding the international participation). Rundle Place offers the only full-line supermarket in the Adelaide CBD and South Australia’s only Apple Store.
Primarily this investment offering is focussed on secure income generation, but additionally offers significant value-add potential for future redevelopment on a major land holding (subject to Council approvals) considered separately outside our proposed Investment Period.
If you’re ready to invest, please click the link below and complete your online application based on your Investor type.Invest Online
You will receive confirmation of your application completion via email from Boardroom. This is sent once all required supporting documentation, signatures and funds have been supplied. However, the number of units allocated will only occur after the settlement of the Property. This date will be indicated on correspondence from Boardroom.
The investment is available to ‘Wholesale Investors’ only, with minimum investment being $100,000.
Before you begin your online application we recommend having the following information ready:
Once complete, you will be emailed your signature specimen page to sign, scan and return by email to Fortius. If you are a trust (investor type) you cannot be e-verified and will need to supply AML documents separately (this will be outlined to you during the online application process).
Payment Methods include either cheque or Electronic Funds Transfer (EFT). The bank details can be found on your Signature Verification Document or from the Trust’s Information Memorandum.