Potential Heritage Hotel Opportunity - Adelaide CBD

CBRE, in conjunction with Bennett Lane, is proud to offer for sale 97 King William Street, Adelaide. A once in a near century opportunity to acquire a true CBD landmark, deep in history with stunning profile. Originally constructed as the home of the Bank of South Australia between 1939 and 1943, the building was the home of the bank for over 80 years with its facade, banking chamber and interiors offering a level of craft no current office development possesses.

97 King William Street is in the absolute heart of Adelaide’s CBD, located between Currie and Waymouth Streets and beside the RAA Tower, inside the city’s financial core. Rundle Mall is 250m north, the tram stops 30m from the door and the bus stop is directly in front of the man entrance.

Key Investment Highlights:

• Heritage building with NLA of 15,064sqm* including basement, ground, mezzanine and eight upper levels
• 97% vacant offering exciting refurbishment/adaptive reuse potential
• Adaptive re-use potential with current layout suiting office with genuine hotel, living, education or mixed-use options, subject to approvals
• A New York style banking chamber on the ground floor with marble columns and ornate ceilings, ready to become a lobby, restaurant, or flagship retail space
• Large floorplates 942sqm to 2,127sqm*, with three podium levels above 1,700sqm
• Basement parking 28 car parks, plus basement vaults and storage
• Site area of 2,564sqm* of freehold land in Adelaide’s core CBD
• Commanding King William Street frontage with additional side-street access
• Zero stamp duty
• 4.5-stars NABERS Energy Rating

Investment opportunity

Direct Acquisition

Gallery images

Key organisations

• CBRE, Capital Markets, Adelaide

Project timelines

Expected start date
November 18, 2026

Expected end date
-

Funding round finish date
November 18, 2026

Website

realcommercial.com.au/for-sale/property-97-king-william-street-adelaide-sa-5000-505259632

Location

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