2 King William RoadWayville SA 5034
Property Details for 2 King William Rd, Wayville
Last Listing description (May 2025)
Enjoying a prominent stand-alone City-fringe location, a great opportunity exists here with this outstanding freehold property. The original character Villa cottage with a lettable area of approximately 286 sqm sits on a triangular allotment of approximately 530 sqm, located at the start of a busy, prestigious business and retail strip, with the tram at the doorstep.
The property is currently occupied by the 'Orient Express Model Railway Shop' and is offered for sale with a short term leaseback until 30 September 2025 at a holding income of $4,333.33 per month plus GST.
The single-level layout currently comprises a street-front covered porch entry, three showrooms, boardroom, two administration offices, kitchen, two toilet amenities and bathroom with shower. There are 7 onsite carparks, 4 undercover.
Zoned Business Neighbourhood (BN) the property has options to update, extend or convert into street-front retail or specialty accommodation, consulting rooms or similar (STPC).
At a glance:-
• Zoned Business Neighbourhood (BN)
• High profile site with high traffic exposure
• Total site area of approx 530sqm
• On-site parking for up to 7 vehicles, plus street parking
• Substantial existing improvements
• Holding income until 30 September 2025
• Solar panels x 21(North facing)
• No Stamp Duty or GST Payable
Find location, value and versatility on offer here and capitalise on the cosmopolitan King William Road precinct with the CBD just moments away.
In conjunction with Ian Lambert - Ray White Adelaide City - Commercial RLA 225073
Property History for 2 King William Rd, Wayville, SA 5034
- 10 Apr 2025Sold for $2,000,000
- 19 Nov 2024Listed for Sale Price Upon Enquiry
- 27 Apr 1995Sold for $305,250
Recent sales nearby
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About Wayville 5034
The size of Wayville is approximately 1.1 square kilometres. There are 2 parks, covering nearly 1.7% of the total area. The population of Wayville in 2016 was 1835 people. By 2021 the population was 1922 showing a population growth of 4.7% in the area during that time. The predominant age group in Wayville is 20-29 years. Households in Wayville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wayville work in a professional occupation.In 2021, 52.10% of the homes in Wayville were owner-occupied compared with 50.80% in 2016.
Wayville has 1,122 properties. Over the last 5 years, Houses in Wayville have seen a 111.86% increase in median value, while Units have seen a 75.86% increase. As at 30 June 2026:
- The median value for Houses in Wayville is $2,888,726 while the median value for Units is $799,643.
- Houses have a median rent of $695 while Units have a median rent of $570.
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