146/65 King William Street, Adelaide SA 5000

Renovated 2-bed CBD apartment | 88m² with balcony | Strong Airbnb yield | Best offer deadline 29 May This property offers a rare combination of a fully renovated interior and a functional 88m² floor plan in a secure high-rise, which is competitively positioned against newer but smaller CBD stock. The dual bathrooms, separate laundry, and built-in robes make it suitable for owner-occupiers seeking low-maintenance living, while the confirmed $1,170/week Airbnb gross suggests it can outperform standard long-term rental yields. For an investor, the existing short-term rental setup reduces transition costs, and the 2004 build avoids the premium of brand-new towers without sacrificing modern finishes. The primary risk is the compressed sale timeline-best offer by 29 May-which may pressure a buyer into waiving conditions or overpaying if competing bids emerge. The estimated value of $465,000 sits below the peak Airbnb income multiple, so a disciplined offer near that figure preserves upside. There is no disclosed flood or heritage risk, but the absence of a dedicated study or second living zone limits appeal to families. The property works best as a hold-and-rent play, either continuing the Airbnb strategy or switching to a long-term lease for a stable 8% gross yield.