FOR SALE
$435,000

607A/82 King William Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Investment only, two apartments, one price...

TWO STUDIO APARTMENTS for the one price $435,000. New lifts being installed with the cost already paid by the vendor, so price is firm.
What a great opportunity to secure two one bedroom apartments in the heart of the CBD with an in place profit share rental agreement with T&G 1925 Pty Lt.
Apartment 607 and 608a are both fully furnished with on trend furniture, which stays with the purchase. Ready to continue to lease with Choice Quality Hotels, these serviced suites are now ready for the astute investor.
Located on the sixth floor, having been fully refurbished 2 years ago, with new amenities fresh paint, new carpet and on trend furniture these spacious apartments provide a perfect short hotel stay opportunity managed by Choice Quality Hotels.
Both studios have king size beds, built in robes and modern tiled bathrooms, featuring marble top vanities. The modern and new kitchenettes, with stone bench tops, Fisher and Paykel electric hotplate, bar fridge, microwave, toaster, electric kettle and all necessary crockery and cutlery, means there is simply nothing to add.
There is also full use of the hotels laundry facilities along with a manned reception and monitored security.
They say location is always the key, and being in the heart of Adelaide you are assured that you will be greatly considered by those wanting either a short or long time stay.
With Adelaide being the "Festival State" and having plenty of tourist attractions, occupancy rates are continuing to increase.
This opportunity to secure two studio self contained apartments is one for the investor to definitely consider, with strong returns and a current lease in place....please call me to arrange an inspection and to receive all financial details.

Property Details for 607a/82 King William St, Adelaide

607a/82 King William St, Adelaide is a 2 bedroom, 2 bathroom Apartment. The place is currently for sale with TAARNBY PTY.

Building Type
Apartment

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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 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% 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 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.

Adelaide has 17,717 properties. Over the last 5 years, Houses in Adelaide have seen a 57.01% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2024:

  • The median value for Houses in Adelaide is $1,128,901 while the median value for Units is $517,565.
  • Houses have a median rent of $610 while Units have a median rent of $580.
There are currently 181 properties listed for sale, and 90 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1000 properties were sold in the past 12 months in Adelaide.

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