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

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