303/82 King William Street Adelaide SA 5000

$279,000 - $290,000

Property Information

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Currently leased until October 2023 in 5 year terms to 'Quest on King William' serviced apartment group with a guaranteed rental income in place. Offering a healthy increase of 4% each year until 2023. 

Purchase at $290,000 - offers over 6.79% return on your investment

This fantastic 2 bedroom, fully furnished apartment is located on the North West corner of the 3rd floor of the iconic and heritage listed T&G building on the corner of King William and Grenfell streets. It has a secure leaseback with the award winning hotel group Quest on King William: www.questonkingwilliam.com.au

A Sensational Opportunity!

The location speaks for itself, walking distance to everything! Steps from Rundle Mall, tram and bus at you door, train station nearby. A short stroll to the Casino, Adelaide Oval, Restaurants, Bars, Art Museum, Adelaide Universities, Cinemas, Adelaide Zoo, Botanical Gardens and so much more.

Remember the Hotel Group is your tenant - Regardless of the room's occupancy, you receive the rental straight into your bank.

Property Type Apartment