8/45 King William RoadNorth Adelaide SA 5006
Property Details for 8/45 King William Rd, North Adelaide
8/45 King William Rd, North Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 1930. The property has a land size of 47m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in August 2005.
Last Listing description (October 2024)
Look no further... A rare investment with an income stream of up to 9 more years.
The apartment is set in the Iconic "Greenways" complex and leased back to Greenways Serviced Apartments for 5+5 years (last entered into in 2022)
The apartment is leased @ $262 per week (CPI increases apply). So why is it such a great investment? Well unlike a typical residential rental property this investment has NIL VACANCY... income 52 weeks of the year... NO management fees...NO letting fees and NO basic maintenance fees
Purchase with your superannuation, the perfect low stress low touch 1st investment property or the ideal addition to balance out your existing portfolio. No matter what your circumstances are you need to look at this one.
Situated in North Adelaide, enjoy not only the secure income but the peace of mind that your investment will be well looked after with the capital growth of this highly sought after CBD fringe suburb.
It's a no brainier investor.
Outgoings:
Strata fees: $506.32 P/Q
Council rates: $314.42 P/Q
Water rates: $142.10 P/Q
ESL: $154.05 P/A
Property History for 8/45 King William Rd, North Adelaide, SA 5006
- 02 Aug 2024Listed for Sale Not Disclosed
- 11 Dec 2021Listed for Sale $260k -$280k
- 25 Mar 2019Listed for Sale $230k - $245k
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About North Adelaide 5006
The size of North Adelaide is approximately 5.1 square kilometres. It has 40 parks covering nearly 57.8% of total area. The population of North Adelaide in 2011 was 6,678 people. By 2016 the population was 6,969 showing a population growth of 4.4% in the area during that time. The predominant age group in North Adelaide is 20-29 years. Households in North Adelaide are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Adelaide work in a professional occupation. In 2011, 49.1% of the homes in North Adelaide were owner-occupied compared with 48.8% in 2016.
North Adelaide has 4,725 properties. Over the last 5 years, Houses in North Adelaide have seen a 65.28% increase in median value, while Units have seen a 37.73% increase. As at 31 October 2024:
- The median value for Houses in North Adelaide is $1,503,479 while the median value for Units is $728,363.
- Houses have a median rent of $700 while Units have a median rent of $550.
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