Colliers International announce the sale of 18-20 King William Street, Adelaide. This 100% freehold, 2,200sqm of NLA office building offers immense potential for the incoming owner to occupy, invest, and unlock additional value.  

The 6 level office building sits on a 528sqm corner lot and provides outstanding views, excellent  natural light, and direct access from Clubhouse Lane to the onsite secure carparks. The building is  equipped with new end-of-trip facilities, bike storage in the basement, and two new lifts servicing all  floors.  

The building is approximately 50% leased to long-standing tenants, generating significant holding income, with the vacant space providing immediate opportunity for whole floor occupation or re leasing.  

Jordan Schmidt, Colliers Head of Investment Services | South Australia, commented, “The asset will  be very appealing to owner-occupiers, investors, and future developers given the unrestricted height  limit attached to the Capital City Zoning. There is a fantastic value-add opportunity to reposition the  top level, which is a bare shell into a premium residential, office, or even hospitality with a fantastic  income potential and outlook over the CBD.” 

Situated along the spine of Adelaide’s bustling CBD, 18-20 King William Street offers unparalleled access to the city’s transport hubs, key amenities and attractions and also benefits from significant  foot traffic and exposure. 

Colliers National Director Capital Markets & Investment Services, Alistair Mackie, added, “This  location has seen substantial investment from leading office developers, including Charter Hall with  their latest commercial development at 60 King William Street and Walker Corporation’s $2 billion  Festival Tower project. These developments have significantly enhanced the precinct’s commercial  appeal, infrastructure, and activation, making it a sought-after destination for businesses.” 

Strategically located near the $6 billion biomedical precinct on North Terrace, this property is at the  forefront of Adelaide’s innovation and healthcare sectors. With excellent public transport options,  including tram and bus services, it offers seamless connectivity throughout the city. The property is  also close to world-class venues such as Adelaide Oval and the recently redeveloped SkyCity Casino precinct. Additionally, it is just a short walk from Rundle Mall, Adelaide’s premier retail destination,  known for its vibrant shopping and hospitality scene. 

“The asset is exceptionally well-positioned within the Adelaide CBD and combines convenience,  connectivity, and commercial appeal. Its proximity to key developments and amenities makes it a  valuable asset for any investor or occupier looking to establish a presence in one of Australia’s most  dynamic cities,” added Mr Schmidt.  

18-20 King William Street, Adelaide, is offered for sale by Expressions of Interest, closing Thursday, 7  November 2024, at 3pm (ACDT). 

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