422 King William Street, Adelaide, SA 5000 sold on 16 February 2026 | OnTheHouse
 
SOLD
Sold on 16 Feb 2026 for $6,421,950

422 King William Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: 12
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Property Details for 422 King William St, Adelaide

Building Type
Commercial
Local Government
Adelaide
Lot/Plan
A95/F171338

Last Listing description (December 2025)

Quintessentially King William

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 - $738,933
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).

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Property History for 422 King William St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$6,421,950
16 Feb 2026
  • 16 Dec 2025
    Sold - Price Undisclosed
  • 20 Oct 2025
    Listed for Sale Contact listing agent
  • 12 Sep 2023
    Listed for Sale Contact Agents
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About Adelaide 5000

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:

  • The median value for Houses in Adelaide is $1,207,276 while the median value for Units is $568,990.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 142 properties listed for sale, and 93 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1243 properties were sold in the past 12 months in Adelaide.

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