422 King William Street,
Adelaide, SA 5000
Offices
Key property information
Land area
Floor area
Tenure type
NABERS
Sold on
RWC Adelaide - ADELAIDE
Level 1, 2 Ebenezer PlaceADELAIDE, SA 5000
422 King William Street
Adelaide, SA 5000
Map of 422 King William Street
Quintessentially King William
- Lettable Area - 2,362sqm
- Car Parks - 38 car parks on site
- Net income - $588,111*
RWC Adelaide are delighted to bring to market 422 King William Street, Adelaide.
Rarely do we see an asset with this blend of existing incoming, value add potential and long term development upside come to market. Located in the highly desirable southern King William Street commercial precinct, the offering is a short tram ride from the front door to Chinatown as well as the Central Markets development which is slated to create 750 new jobs and inject $135m into the SA economy.
With high quality tenants throughout the property the opportunity to increase rents over the coming years as expiries come up will strongly appeal to savvy investors.
Long term the strong land component provides the flexibility to make your mark on King William Street. Whether it be residential, mixed use or a hotel project, the opportunities in this land holding are almost endless.
Key investment highlights include:
• Net income - $588,111*
• Fully leased income at market rents - $738,933
• WALE - 1.69 years by area
• Site Area - 1,780sqm across four certificates of title
• Lettable Area - 2,362sqm
• Car Parks - 38 car parks on site
• Zoning - Capital City allowing up to 53m (STCC)
• NABERS Rating - 5 stars
For sale via Expressions of Interest closing Thursday 20th November at 4pm (ACST).
Rarely do we see an asset with this blend of existing incoming, value add potential and long term development upside come to market. Located in the highly desirable southern King William Street commercial precinct, the offering is a short tram ride from the front door to Chinatown as well as the Central Markets development which is slated to create 750 new jobs and inject $135m into the SA economy.
With high quality tenants throughout the property the opportunity to increase rents over the coming years as expiries come up will strongly appeal to savvy investors.
Long term the strong land component provides the flexibility to make your mark on King William Street. Whether it be residential, mixed use or a hotel project, the opportunities in this land holding are almost endless.
Key investment highlights include:
• Net income - $588,111*
• Fully leased income at market rents - $738,933
• WALE - 1.69 years by area
• Site Area - 1,780sqm across four certificates of title
• Lettable Area - 2,362sqm
• Car Parks - 38 car parks on site
• Zoning - Capital City allowing up to 53m (STCC)
• NABERS Rating - 5 stars
For sale via Expressions of Interest closing Thursday 20th November at 4pm (ACST).
Additional information
External websites
Adelaide, 5000 demographic data
18,202
Population
$1,365 per week
Median household income
31 years
Median age
Renters
Most residents
Singles
Most households
RWC Adelaide - ADELAIDELevel 1, 2 Ebenezer Place
ADELAIDE, SA 5000
ADELAIDE, SA 5000
More properties from RWC Adelaide - ADELAIDE
Other properties you might be interested in based on the location and property type you are looking at.
