Colliers International is pleased to offer Tom’s Court Hotel, located at 20 Toms Court, Adelaide, South Australia for sale by Expressions of Interest.
This newly completed hotel sits in the heart of the Adelaide CBD, just a short stroll from King William Street and Victoria Square - the geographic centre of the Adelaide CBD, Halifax Street’s bustling eateries and hotels, and the vibrant Adelaide Central Market.
Offering an outstanding level of amenity, the property’s central CBD location ensures that it 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.
Having opened in December 2020, the hotel consists of 67 well-appointed hotel rooms and four fully furnished residential apartments that have been completed with high quality finishes in keeping with its 4.5 star rating. With its ground floor café offering, this property offers an incoming purchaser the opportunity to secure a superb asset with substantial upside.
Currently operating under an exclusive short-term arrangement with the Government of South Australia to provide accommodation services to persons required to self-isolate as a result of COVID 19, the property is offered with secure and valuable AA+ rated short term holding income while the successful buyer is planning for its future.
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.
Tom’s Court Hotel offers investors and operators the opportunity to secure an ideally located boutique hotel 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.