2 King William Road Wayville, SA 5034

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