406/82 King William St, Adelaide is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1927. The property has a land size of 87m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
Located in the heart of the city this hotel/apartment over delivers on space, quality and comfort.
Fully self contained and high on the radar for travelers and visitors to this beautiful city with a need for some home comforts......
Sure you can take the lift and grab a quick bite or enjoy some fine dining but sometimes you have your crew with you so it's easier to feed them in the apartment.......It's all there just add the ingredients!
So with all this on offer it ensures that the apartment suits vistor's from the corporate community and families alike who come to enjoy a short stay in our beautiful state.
Perfect Position, Perfect Investment .....securely managed and maintained with a long term lease in place to Choice Quality Hotels
Leased to :Choice Quality Apartments 26th March 2021 10 year (option to exit after 5 years)
Income:
2021/22 $16,329.01 Covid restricted and recovery trading.
2022/23 $35,307.63
2023/24 $13,079.68 -5 months
Specifications
CT:5791/748
Council:City of Adelaide
Council Rates: $462.75 p/q app
SAWater:$153.70 p/q app
ESL:$436.70 p/a app
Body Corporate:$1627.00 p/q
PLEASE NOTE: This is an investment opportunity only and not suitable for owner occupier.
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.
Adelaide has 18,718 properties. Over the last 5 years, Houses in Adelaide have seen a 49.03% increase in median value, while Units have seen a 34.05% increase. As at 31 January 2026:
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