Colliers is pleased to offer Hume Serviced Apartments, located at 22-24 Hume Street, Adelaide, South Australia for sale by Expressions of Interest.
Comprising of 31 fully furnished, individually titled serviced apartments for sale in one line, the property is strategically located in the vibrant eastern precinct of Adelaide’s Central Business District adjacent to one of Adelaide’s premier mixed-use high-street precincts.
The locality offers extensive private healthcare services and hospitals, commercial, retail, restaurants and cafés, and a high quality emerging residential offering with strong connectivity to the affluent eastern suburbs, the east parklands, Rundle Street and Adelaide’s east ensuring that the property caters to corporate travellers accessing the city, as well as tourism and leisure customers using the hotel as a base to access Adelaide’s premium tourist attractions.
Offered for sale “in one line”, the individual apartments have already been community strata titled on 31 separate titles, providing an incoming purchaser with an array of options including the potential to sell-down the apartments individually.
Completed in 2016, this modern, 8 storey serviced apartment complex is ideally located to appeal to a wide customer base and has shown solid and resilient trading patterns since its opening, through to the current environment.
Rated to 4 stars, all apartments are presented with high quality finishes and are spread over the ground floor to Level 8, with lobby/reception and management office on ground floor.
The property’s flexible Capital City zoning enables a multitude of alternative uses including ongoing short-term stay, build to rent, conversion into traditional residential or crisis accommodation related uses.
With the South Australian economy positioned better than any Australian state to rebound in a post COVID world, the opportunity provided by this exceptional offering is unquestionable.
Hume Serviced Apartments offers investors and operators the opportunity to secure an ideally located boutique serviced apartment complex which successfully capitalises on existing demand drivers and with further upside to capitalise on unprecedented levels of public and private sector investment that are currently being injected into Adelaide’s CBD.
The opportunity to purchase this asset with vacant possession enables an incoming purchaser to benefit from an established business, whilst forging their own direction.
For more information, please contact Colliers as the exclusive selling agent.