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RWC Adelaide are delighted to bring to market 422 King William Street, Adelaide.
Rarely do we see an asset with this blend of existing incoming, value add potential and long term development upside come to market. Located in the highly desirable southern King William Street commercial precinct, the offering is a short tram ride from the front door to Chinatown as well as the Central Markets development which is slated to create 750 new jobs and inject $135m into the SA economy.
With high quality tenants throughout the property the opportunity to increase rents over the coming years as expiries come up will strongly appeal to savvy investors.
Long term the strong land component provides the flexibility to make your mark on King William Street. Whether it be residential, mixed use or a hotel project, the opportunities in this land holding are almost endless.
Key investment highlights include:
• Net income - $588,111*
• Fully leased income at market rents - $674,916
• WALE - 1.69 years by area
• Site Area - 1,780sqm across four certificates of title
• Lettable Area - 2,362sqm
• Car Parks - 38 car parks on site
• Zoning - Capital City allowing up to 53m (STCC)
• NABERS Rating - 5 stars
For sale via Expressions of Interest closing Thursday 20th November at 4pm (ACST).
Remember to mention you found this property on CommercialReady
RWC Adelaide are delighted to bring to market 422 King William Street, Adelaide.
Rarely do we see an asset with this blend of existing incoming, value add potential and long term development upside come to market. Located in the highly desirable southern King William Street commercial precinct, the offering is a short tram ride from the front door to Chinatown as well as the Central Markets development which is slated to create 750 new jobs and inject $135m into the SA economy.
With high quality tenants throughout the property the opportunity to increase rents over the coming years as expiries come up will strongly appeal to savvy investors.
Long term the strong land component provides the flexibility to make your mark on King William Street. Whether it be residential, mixed use or a hotel project, the opportunities in this land holding are almost endless.
Key investment highlights include:
• Net income - $588,111*
• Fully leased income at market rents - $674,916
• WALE - 1.69 years by area
• Site Area - 1,780sqm across four certificates of title
• Lettable Area - 2,362sqm
• Car Parks - 38 car parks on site
• Zoning - Capital City allowing up to 53m (STCC)
• NABERS Rating - 5 stars
For sale via Expressions of Interest closing Thursday 20th November at 4pm (ACST).
Remember to mention you found this property on CommercialReady
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