SoldMay 27, 2025

505/23 King William St, Adelaide, SA, 5000

Amount undisclosed

3
1

Apartment

30+ days on the market

Sold: May 27, 2025

What's around 505/23 King William St

About this property

Own a slice of Adelaide's vibrant CBD with this superbly located 3-bedroom apartment in a charming heritage building-offering impressive rental returns and remarkable flexibility. Set in an elevated position above the hustle and bustle of King William Street this apartment lends itself to an array of options from the first homeowners looking for a place to call home to the savvy investor looking for a great returning property at a great price. This apartment offers: • 3 well-proportioned bedrooms • Open-plan living and dining • Kitchenette with gas cooktop • Ceiling fans in every bedroom + evaporative air-conditioning/heating Enjoy unbeatable proximity to everything Adelaide has to offer-walk to the University of Adelaide, UniSA, Rundle Mall, cafés, restaurants, nightlife, and public transport (tram, train, and bus) all just steps away. Currently leased at $600-$640 per week, this property delivers an outstanding gross yield of around 9%, with a net return of approx. 6.5%-

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