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18-20 King William Street, Adelaide, SA, 5000

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18-20 King William Street, Adelaide, SA, 5000

Adelaide Cbd

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18-20 King William Street, Adelaide, SA, 5000

Adelaide Cbd

SOLD
18-20 King William Street, Adelaide, SA, 5000

18-20 King William Street, Adelaide, SA, 5000

Properties / Sold / South Australia / Adelaide Cbd
Tenanted Investment
Selling Method
EOI
Selling Details
Closing Thursday 7 November 2024 at 3pm (ACDT)
Land Area
528 m² (*approx)
Property Type
Offices
Sub-type
Office Suites
Show All
UNDER CONTRACT - Value-add office with penthouse(s) potential
  • Value-add CBD office with income
  • 2,090sqm* Lettable Area
  • Zoned Capital City, no height limit^

Colliers is excited to present to the market for sale 18-20 King William Street, Adelaide.

This value-add office building of 3,897sqm* GBA has so much potential for the incoming owner to occupy, invest and unlock significant additional value.

The building is approximately 46% leased to some long standing and well-known tenants. The balance comprises a number smaller portioned offices and with relocation of a few existing tenants there is an opportunity to creates several vacant whole floors for occupation or re-leasing.

A rare opportunity exists to create a new unique space in the never occupied top floor. The former plant room, with dual lift access, has the potential to be converted to a valuable and exciting new use. These uses could include a luxury penthouse(s), unique hospitality venue or contemporary new office headquarters.^ Plumbing points have already been provided for.

The building is set up for an exciting future, with new end of trip male/female facilities, bike storage in the basement and two new lifts servicing all floors, whilst several of the upper-level office floors feature new ceilings, lighting and amenities.

Key Asset Highlights:

- 2,090sqm* Lettable Area over 8 levels plus basement area of 525sqm*

- Substantial Holding Income

- Perfect for investors and owner occupiers

- 46% leased with ability to occupy the balance

- Blank-canvas top floor for conversion^

- Brand-new End of Trip Facilities and Lifts

- 8 Community Titles in one line

- Prime 528sqm* corner site with dual frontage

- Capital City Zoning with no prescribed height limit^

- No Stamp Duty in SA

The corner location provides outstanding views and excellent natural light, and access from Clubhouse Lane to the onsite secure carparks.

*approximately

^STCA

18-20 King William Street, Adelaide is offered for sale via Private Treaty through the exclusive selling agents.

For further information, or to arrange an inspection, please contact Colliers Adelaide.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

Investment Summary

Property Type
Offices
Sub-type
Office Suites
Land Area
528 m² (*approx)
Selling Method
EOI
EOI Closing Date
7 Nov 2024 03:00PM
Selling Details
Closing Thursday 7 November 2024 at 3pm (ACDT)

Investment Highlights

UNDER CONTRACT - Value-add office with penthouse(s) potential
  • Value-add CBD office with income
  • 2,090sqm* Lettable Area
  • Zoned Capital City, no height limit^

Colliers is excited to present to the market for sale 18-20 King William Street, Adelaide.

This value-add office building of 3,897sqm* GBA has so much potential for the incoming owner to occupy, invest and unlock significant additional value.

The building is approximately 46% leased to some long standing and well-known tenants. The balance comprises a number smaller portioned offices and with relocation of a few existing tenants there is an opportunity to creates several vacant whole floors for occupation or re-leasing.

A rare opportunity exists to create a new unique space in the never occupied top floor. The former plant room, with dual lift access, has the potential to be converted to a valuable and exciting new use. These uses could include a luxury penthouse(s), unique hospitality venue or contemporary new office headquarters.^ Plumbing points have already been provided for.

The building is set up for an exciting future, with new end of trip male/female facilities, bike storage in the basement and two new lifts servicing all floors, whilst several of the upper-level office floors feature new ceilings, lighting and amenities.

Key Asset Highlights:

- 2,090sqm* Lettable Area over 8 levels plus basement area of 525sqm*

- Substantial Holding Income

- Perfect for investors and owner occupiers

- 46% leased with ability to occupy the balance

- Blank-canvas top floor for conversion^

- Brand-new End of Trip Facilities and Lifts

- 8 Community Titles in one line

- Prime 528sqm* corner site with dual frontage

- Capital City Zoning with no prescribed height limit^

- No Stamp Duty in SA

The corner location provides outstanding views and excellent natural light, and access from Clubhouse Lane to the onsite secure carparks.

*approximately

^STCA

18-20 King William Street, Adelaide is offered for sale via Private Treaty through the exclusive selling agents.

For further information, or to arrange an inspection, please contact Colliers Adelaide.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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18-20 King William Street, Adelaide, SA, 5000 Adelaide Cbd
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