Look again and this church reveals itself as a medical practice
Originally constructed as a Methodist church and hall, this heritage-listed building, which has hit the market, has been carefully repositioned through adaptive reuse, transforming it into contemporary specialist medical accommodation.
Located at 86 King William Road, Goodwood, the property is expected to attract strong interest from private investors, with price expectations in the mid-$2 million range.
It comes fully leased to specialist healthcare operators, Adelaide Oral & Maxillofacial Centre and Adelaide Endodontics, which operate as a complementary ancillary specialist practice. It generates a current net income of about $135,069 annually under a new five-year lease extending through to December 2030, with fixed annual rental increases of 3 per cent.
Colliers’ head of office for capital markets and investment services, Jordan Schmidt, said secure metropolitan medical investments continued to attract strong attention from buyers.
“This is exactly the type of investment local and domestic investors are actively targeting right now, a secure medical asset in a blue-chip metropolitan location with fixed rental growth, strong underlying land value and genuine long-term appeal,” Schmidt said.
“The combination of a specialist healthcare tenant profile, net lease structure and future flexibility within a tightly held precinct is expected to resonate strongly with private investors seeking defensive commercial assets.”
The extensive refurbishment included upgraded mechanical, electrical and hydraulic services alongside new consulting suites, treatment rooms, reception areas and staff amenities, reflecting significant tenant investment and long-term commitment to the site.
Adding to the property’s appeal is on-site parking, with six dedicated car spaces and five shared spaces.
There’s also future flexibility for medical, office and consulting use (STCA) under the site’s Business Neighbourhood zoning within the City of Unley.
Rhys Newman, Colliers’ associate director of South Australia – investment services, said healthcare assets continued to outperform many traditional commercial sectors, particularly in tightly held metropolitan markets where quality medical accommodation remained scarce.
“The healthcare sector continues to outperform many traditional commercial asset classes particularly within tightly held metropolitan markets where medical accommodation remains in limited supply,” Newman said.
The property is being offered for sale via an Expression of Interest campaign closing at 2pm (ACST) Thursday, June 25, 2026.
