Shop 1, 117 King William Street, Adelaide


About the Listing

Date of Auction 22 Jul 2022
Sale or Lease For Sale
Authority Auction
Primary Listing Agent Rom Cicchiello

Tenancy Details

  • Tenancy
    Tenanted Investment
  • Net Income Per Annum
  • Current Occupancy Rate
    Fully occupied
  • Current Number of Tenants
  • Tenant Details
    Bean Bar

Sale Details

  • Sale Price Range
    Price On Application
  • GST

Lease Details

  • Rental PA
  • GST
  • Current Lease Expiry
  • Outgoings
  • Lease Term
    7 Years
  • Annual Review
  • Rights of Renewal

Lively Metro Investment

  • Lease Term 7 Years expiring in 2028
  • 5- minute walk from Rundle Mall
  • Secure total net income of $39,992 p.a.

Shop 1, 117 King William Street in the Adelaide CBD is an exclusive opportunity to invest in an ideally situated hospitality space buzzing with potential and equipped to accomodate food and beverage retail for business owners and investors alike.

This property is fitted to facilitate a diverse range of food retail services, boasting ample floor space in addition to a plethora of potential customers in the corporate offices above the shops. Boasting twenty years of successful operation, the property is a rare inner-city asset, with unlimited potential for entry-level commercial buyers and investors with self-managed super funds.

Outside the street-level property is the heart of the city, allowing patrons to breeze right up to the shopfront on their daily commute. There is space allocated on the spacious city sidewalk for optional outdoor seating, enticing those passing by to pull up a chair and patronise the property at a moment’s notice.

Shop 1, 117 King William Street is located on a busy and essential road in the CBD, connecting commuters from Victoria Square and beyond to Rundle Mall and the Myer Centre. The area is a hive of activity encompassing a myriad of business owners, commuters, and tourists day in and day out. King William Street passes by Adelaide Town Hall, running north to meet with iconic perpendicular roads such as Grenfell Street, Hindley Street and North Terrace. This offers high traffic to the property, as every person visiting the CBD is likely to pass through the city’s centre.

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