603/82 King William StreetAdelaide SA 5000
Property Details for 603/82 King William St, Adelaide
603/82 King William St, Adelaide is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces. The property has a land size of 80m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (November 2015)
**INVESTORS ONLY**
Located in the heart of the Adelaide CBD, this spacious two bedroom (approx 81m2) apartment awaits your investment. Located within close proximity to Adelaide Market, Casino, University and Adelaide Oval, the location is hard to beat. With a long term lease to Quest and rental increases of 4% per annum all the way to 2023, this is one apartment which will sit nicely in your investment portfolio.
Lease Terms:
Current Return: 9.1% Gross / 6.3% Net
Lease Terms: Lease to 31/10/2018 plus 3 x 5 Years (Next option already exercised)
Rent Increases: 4% per annum until 2022 (Next increase 1/11/2015) (Next market Review - 1/11/2023)
Outgoings:
Council Rates: $1602 p/a
Water Rates: $982 p/a
Body Corp/Strata Fees: $9764 p/a
Apartment is approximately 81m2 internal
**Please note - apartment photos are for apartment 803 which is an identical lot to apartment 603**
Property History for 603/82 King William St, Adelaide, SA 5000
- 22 Dec 2015Sold for $420,000
- 21 Jul 2015Listed for Sale Not Disclosed
- 16 Dec 2008Sold for $285,000
Recent sales nearby
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0About 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 18,719 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.
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