601/82 King William StreetAdelaide SA 5000
Property Details for 601/82 King William St, Adelaide
601/82 King William St, Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 1880. The property has a land size of 60m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (December 2019)
** FIXED 4% INCREASES UNTIL 2023**
Just completed major refurbishment, this large one bedroom inner city spa suite will attract investors wanting high net yields.
Within landmark history rich building, with high ceilings and recently refurbished. With fixed 4% annual rent increases until November 2023, its a secure bricks and mortar asset returning strong cash flow.
*** PLEASE NOTE***
ALL IMAGES ARE OF IDENTICAL APT 401 AS LONG TERM GUEST OCCUPYING APT 601
Lease Details:
Current Rent: $453 per week -$23,602 pa
Current Return: 8.77% Gross - 5.57%- Net
INCREASING by 4% IN NOV 19. $472 per week - $24,546 pa
Return As of 1st Nov- 9.12% gross- 5.90% NET
Nov 2019 + 4% - $24, 546- 9.12% gross return
Nov 2020 + 4%- $25, 527- 9.48% gross return
Nov 2021 + 4%- $26,549- 9.86% gross return
Nov 2022 + 4% - $27,611- 10.25% gross return
Lease Terms: Lease to 31/10/ 2023 with 2 x 5 yr options
Rent Increases:
4% yearly with market rent reviews every 5 years (next due 2023)
Spacious one bedroom - SPA apartment, like new inside, just completed major refurbishment.
New Kitchen- cabinetry
Stone bench tops, new backsplash and appliances
Fresh paint and commercial grade carpet.
Stunning bathroom with large spa, double vanites and shower.
High ceilings with with beautiful street aspects from the main bedroom.
Please contact us to obtain the full scope of works recently completed.
Approximate Owner Outgoings:
Council Rates: $1428 per annum
Emergency Service Levy $235 per annum
Water Rates: $620 per annum
Body Corporate Administration fee: $5228 pre annum
Body Corporate Sinking fund: $1100 per annum
Property History for 601/82 King William St, Adelaide, SA 5000
- 09 Dec 2019Sold for $280,000
- 29 Sep 2019Listed for Sale SOLD - $280,000
- 19 Dec 2000Sold for $190,000
Recent sales nearby
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the 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 18,848 properties. Over the last 5 years, Houses in Adelaide have seen a 41.27% increase in median value, while Units have seen a 42.53% increase. As at 30 June 2026:
- The median value for Houses in Adelaide is $1,253,824 while the median value for Units is $612,302.
- Houses have a median rent of $670 while Units have a median rent of $620.
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