FOR SALE
Auction Fri 6 Dec 10:30am on site

2 King William Road
Wayville SA 5034

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 286m2
Land area: 530m2
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Auction Time
Fri 6 Dec 10:30 am
Inspection Times
No upcoming inspections scheduled.
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Exceptional Owner Occupier Or Investment Opportunity

OPEN FOR INSPECTION:
WEDNESDAY 27th NOVEMBER 12:30 - 1:00pm
SATURDAY 30th NOVEMBER 9:00 - 9:30am
Enjoying a prominent stand-alone City-fringe location, a great opportunity exists here with this outstanding freehold property. The original character Villa cottage with a lettable area of approximately 286 sqm sits on a triangular allotment of approximately 530 sqm, located at the start of a busy, prestigious business and retail strip, with the tram at the doorstep.
The property is currently occupied by the 'Orient Express Model Railway Shop' and is offered for sale with a short term leaseback until 30 September 2025 at a holding income of $4,333.33 per month plus GST.
The single-level layout currently comprises a street-front covered porch entry, three showrooms, boardroom, two administration offices, kitchen, two toilet amenities and bathroom with shower. There are 7 onsite carparks, 4 undercover.
Zoned Business Neighbourhood (BN) the property has options to update, extend or convert into street-front retail or specialty accommodation, consulting rooms or similar (STPC).
At a glance:-
• Zoned Business Neighbourhood (BN)
• High profile site with high traffic exposure
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Property Details for 2 King William Rd, Wayville

Building Type
Commercial
Floor Size
286m2
Land Size
530m2

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About Wayville 5034

The size of Wayville is approximately 1.1 square kilometres. It has 2 parks covering nearly 1.7% of total area. The population of Wayville in 2011 was 1,734 people. By 2016 the population was 1,830 showing a population growth of 5.5% in the area during that time. The predominant age group in Wayville is 20-29 years. Households in Wayville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wayville work in a professional occupation. In 2011, 54.4% of the homes in Wayville were owner-occupied compared with 50.8% in 2016.

Wayville has 1,103 properties. Over the last 5 years, Houses in Wayville have seen a 94.36% increase in median value, while Units have seen a 64.80% increase. As at 31 October 2024:

  • The median value for Houses in Wayville is $1,898,905 while the median value for Units is $641,200.
  • Houses have a median rent of $645 while Units have a median rent of $478.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Wayville on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Wayville.

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