The Palms Apartments/62 King William Street

Kent Town SA 5067

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Sold on 16 Dec 2022

The Palms Apartments/62 King William Street Kent Town SA 5067

Hotel, Motel, Pub & Leisure
1,243 m²
Sold

UNIQUE FREEHOLD INVESTMENT OPPORTUNITY

Large site area of 1,243m2*
42 x spacious 1&2 bedroom apartments
Minimal cap-ex along

CBRE Hotels are pleased to offer to the market via Expressions of Interest the freehold investment of The Palms Serviced Apartments, Kent Town, S.A.
The Palms is an attractive development that was completed in 2017 and offers 42 apartments over a forum level building. It has a ground floor reception and secure car parking for 21 cars at ground level with a roller door to the rear lane for access.
The property also has a ground-floor café (under a separate lease and currently utilised as an office by the tenant). There is a separate outdoor deacon with an al fresco dining area for a cafe or in-house guests.

- 42 x spacious 1&2 bedroom apartments with kitchens and laundry facilities
- Large site area with access from the front and rear 1,243m2*
- Updated improvements offers the owner minimal cap-ex along with depreciation benefits
- Prime Location one of Adelaide's most desirable CBD fringe locations
- Experienced Serviced Apartment Operator with long term lease

CBRE Hotels

Level 21

Sydney, NSW 2000

Property Highlights

Date Sold	16 Dec 2022
Floor Area	1,243 m²
Land Area	1,242 m²
Parking	On site parking available
Property ID	2017895328
Category	Hotel, Motel, Pub & Leisure Development / Land Other
Last updated	20 Dec 2022

Map for The Palms Apartments/62 King William Street Kent Town SA 5067

Nearest transport* to The Palms Apartments/62 King William Street Kent Town SA 5067

Bus

Train

Tram

Ferry

Stop 2 North Tce - South East side	143 m
Stop 2 North Tce - North West side	218 m
Stop 3 North Tce - North side	224 m
Stop 3 Rundle St - North side	334 m

This data is sourced on 26/11/2024 from Department for Infrastructure and Transport, South Australia, Adelaide Metro General Transit

*Within a 4km radius

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CBRE Hotels

Level 21

Sydney, NSW 2000

Property Highlights

Date Sold	16 Dec 2022
Floor Area	1,243 m²
Land Area	1,242 m²
Parking	On site parking available
Property ID	2017895328
Category	Hotel, Motel, Pub & Leisure Development / Land Other
Last updated	20 Dec 2022

Listed by

CBRE Hotels

Call

0402 530 729

More about The Palms Apartments/62 King William Street Kent Town SA 5067

The Palms Apartments/62 King William Street Kent Town SA 5067 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1,243 m² and a land area of 1,242 m². The listing ID for this property is 2017895328.

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