203/23 King William Street, Adelaide, SA 5000

PRICE STATEMENT : $295,000 - $315,000

Positioned within the bustling Adelaide CBD, this three-bedroom apartment offers an exceptional opportunity for savvy investors or those seeking flexible living options. Currently leased at an impressive $600 per week, this property presents outstanding rental returns and future growth potential. Plus, as this building is not managed by an operator, you have the freedom to live in, rent it out privately, or even list it on Airbnb—an advantage over many other apartments in the city.

Spanning a well-utilized 54sqm, the apartment boasts a highly functional layout that maximizes every inch of space. Step inside to a light-filled open-plan living and dining area, perfect for unwinding or hosting guests. The adjoining kitchen is equipped with essential appliances and ample storage, ensuring practicality without compromising on style.

The accommodation includes three comfortable bedrooms, two of which feature large windows that capture views out into the city. Built-in wardrobes and ceiling fans are provided for year-round comfort. The centrally located bathroom is thoughtfully designed for efficiency, with modern fixtures and finishes to cater to residents or tenants alike.

Location is everything—and here you’ll be situated in the absolute heart of the CBD. The tram station is right out the front, offering free tram rides within the city. You’re also within walking distance to Adelaide’s three major universities: Uni SA on Hindley Street, Adelaide Uni on North Terrace, and Flinders’ new 'vertical university' on North Terrace. Beyond that, you’ll be moments from Rundle Mall, Adelaide Oval, the Festival Theatre, Adelaide Casino, and the Adelaide Botanic Gardens.

For investors, the high demand for inner-city accommodation provides scope to increase the rent over time. This property is an ideal asset, offering flexibility and a prime city address. With Adelaide’s CBD continuing to attract strong rental demand, the apartment ensures ongoing income potential and capital growth prospects for the future.

Don’t miss the chance to secure this incredible investment. Whether you're expanding your portfolio or looking for a secure asset with immediate returns, 203/23 King William Street represents value, location, and a rare opportunity in today’s market.

Current Lease Agreements;

Room 1 : $200/week, fixed term agreement until 12/06/2025
Room 2 : $200/week, fixed term agreement until 13/06/2025
Room 3 : $200/week, fixed term agreement until 27/12/2024

Disclaimer: The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice.  (RLA 281342, 270735)