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
Auction Time
Fri 6 Dec 10:30 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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Exceptional Owner Occupier Or Investment Opportunity

OPEN FOR INSPECTION SATURDAY 23rd 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
• Total site area of approx 530sqm
• On-site parking for up to 7 vehicles, plus street parking
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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 1,102 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 3 properties listed for rent in Wayville on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Wayville.

Suburb Insights for Wayville 5034

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Andrew Welch
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Ian Lambert
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Ray White Kensington
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.