Colliers is excited to present to the market for sale 18-20 King William Street, Adelaide.
This value-add office building of 3,897sqm* GBA has so much potential for the incoming owner to occupy, invest and unlock significant additional value.
The building is approximately 46% leased to some long standing and well-known tenants. The balance comprises a number smaller portioned offices and with relocation of a few existing tenants there is an opportunity to creates several vacant whole floors for occupation or re-leasing.
A rare opportunity exists to create a new unique space in the never occupied top floor. The former plant room, with dual lift access, has the potential to be converted to a valuable and exciting new use. These uses could include a luxury penthouse(s), unique hospitality venue or contemporary new office headquarters.^ Plumbing points have already been provided for.
The building is set up for an exciting future, with new end of trip male/female facilities, bike storage in the basement and two new lifts servicing all floors, whilst several of the upper-level office floors feature new ceilings, lighting and amenities.
Key Asset Highlights:
- 2,090sqm* Lettable Area over 8 levels plus basement area of 525sqm*
- Substantial Holding Income
- Perfect for investors and owner occupiers
- 46% leased with ability to occupy the balance
- Blank-canvas top floor for conversion^
- Brand-new End of Trip Facilities and Lifts
- 8 Community Titles in one line
- Prime 528sqm* corner site with dual frontage
- Capital City Zoning with no prescribed height limit^
- No Stamp Duty
The corner location provides outstanding views and excellent natural light, and access from Clubhouse Lane to the onsite secure carparks.
*approx
^STCA
18-20 King William Street, Adelaide is offered for sale via National Expressions of Interest closing Thursday 7 November 2024 at 3pm (ACDT) through the exclusive selling agents.
For further information, or to arrange an inspection, please contact Colliers Adelaide.
