Adelaide Royal Coach - SOLD

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Sold for 7,050,000 AUD Date of Sale: May 2017
Rooms: 49
Price Per Room: 143,878 AUD
Property Id : 29081

JLL hotels & hospitality group has been exclusively retained to offer for sale the Adelaide royal coach hotel (the “hotel” or “property” or “development site”) located in the city fringe suburb of Kent town, South Australia.

This outstanding asset with favourable zoning conditions is conveniently located east of Adelaide’s city centre, opposite the popular recreational park of Rymill Park, within minutes to the city’s main dining and shopping precincts and is less than 10 kilometres from Adelaide Airport . 

The Property occupies a substantial corner site of approximately 2,590sqm in a key development area and has significant exposure to Princes Highway (Dequetteville Terrace), Adelaide’s main city ring route. 

Currently operating under 1834 Hotels, the Adelaide Royal Coach Hotel has a solid trading history with vacant possession available upon sale. 

With the benefit of vacant possession, the sale of the Adelaide Royal Coach Hotel represents a truly rare opportunity to enter the metropolitan Adelaide hotel market whilst offering management flexibility and the potential for conversion or redevelopment (STCA). 

Peter Harper

Managing Director, Head of Investment Sales Australasia
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