SOLD
Sold on 21 Dec 2023 for $1,800,000

49 King William Street
Kent Town SA 5067

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 210m2
Land area: 484m2
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Property Details for 49 King William St, Kent Town

Building Type
Commercial
Floor Size
210m2
Land Size
484m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A16/F100025

Last Listing description (October 2023)

Knight Frank is delighted to present 49 King William Street, Kent Town for sale by private treaty.

As one of the best performed locations in South Australia, Kent Town continues to experience significant gentrification resulting in increased investment and tenant demand for the precinct.


We draw your attention to the sites key investment features include:

- Newly refurbished single-level boutique office with net lettable area of 163 sqm* providing the option for multiple uses
- Refurbishments include new floor coverings, paint, lighting and electrical, air-conditioning, security, kitchenette and amenities
- Surrounded by amenity including Rustic Gourmet cafe and Pan & Vine pizza bar located directly opposite
- Tightly held Kent Town landholding with strong underlying land value
- Zoned Urban Corridor, the property has multiple future high density development options up to five levels (subject to planning consent)
- Site area of 484.5 square metres* with dual access points for greater accessibility and future density at the site
- Leased to Vailo Pty Ltd expiring 30 April 2024.
- Zero stamp duty payable

Offered for sale by private treaty, presenting an opportunity for owner occupiers, investors and developers alike.

For further information on this opportunity, please contact the exclusive marketing agents.

*Approx.

Property History for 49 King William St, Kent Town, SA 5067

A timeline of how this property has performed in the market
Last Sold
$1,800,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $1,800,000
  • 07 Sep 2023
    Listed for Sale Contact Agent
  • 01 Mar 2023
    Sold for $2,200,000
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About Kent Town 5067

The size of Kent Town is approximately 0.6 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Kent Town in 2011 was 1,199 people. By 2016 the population was 1,234 showing a population growth of 2.9% in the area during that time. The predominant age group in Kent Town is 20-29 years. Households in Kent Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kent Town work in a professional occupation. In 2011, 34.3% of the homes in Kent Town were owner-occupied compared with 35% in 2016.

Kent Town has 1,141 properties. Over the last 5 years, Houses in Kent Town have seen a 74.80% increase in median value, while Units have seen a 56.17% increase. As at 30 November 2024:

  • The median value for Houses in Kent Town is $1,661,597 while the median value for Units is $684,989.
  • Houses have a median rent of $610 while Units have a median rent of $600.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Kent town on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Kent town.

Suburb Insights for Kent Town 5067

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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.