65 Palmer Place

North Adelaide SA 5006

A landmark property of substantial proportions representing a rare opportunity with both commercial and residential application.
On a land holding of 1209 square metres approx. (and 1327 square metres approx. inclusive of Right of Way), with two street frontages including Ward Street and Palmer Place.
So brilliantly located in this park-like surround, this massive character building is currently disposed as leased consulting rooms and upstairs residential accommodation of two apartments, as well as a ground level residential flat on the Ward Street frontage where substantial garaging is situated.
Current rental income of approximately $110,182.47 inclusive of GST with some rent reviews pending and upstairs city facing grand apartment retained vacant for visiting overseas owner. The character laden building is most gracious.
An extraordinary premium opportunity to acquire blue ribbon classic real estate in the most premier commanding park-like cosmopolitan place at North Adelaide in the “best City in the World”.