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Commercial Sales

RICHARD NOBLE AND JLL AS JOINT EXCLUSIVE SELLING AGENTS ARE PLEASED TO OFFER FOR SALE THE 100% FREEHOLD INTEREST AND HOTEL BUSINESS ON A WALK-IN WALK-OUT BASIS IN THE ICONIC SUBIACO HOTEL, 455-465 HAY STREET, SUBIACO WA.

The Subiaco Hotel represents a generational opportunity to acquire Perth’s most highly sought after inner-metro Hotel within the re-emerging Subiaco.

For over 100 years the Subiaco Hotel has been recognised as the most iconic hospitality destination just kilometres West of the Perth CBD. The Subiaco Hotel occupies the most prominent corner location in the heart of Subiaco’s retail and entertainment precinct, located on the South East corner of Hay Street and Rokeby Road. It has a significant land holding of 2,060sqm, with generous plot ratio and building height entitlements.

The 100% freehold property is for sale with the ability to continue to operate the Hotel business. This opportunity offers the chance to acquire an established and prominent Hotel, with strong underlying property fundamentals and exciting potential to undertake a substantial future development incorporating a wide range of potential uses.

In 2014, The Subiaco Hotel underwent a $6m+ refurbishment creating new and exciting licensed areas and comprehensive and modern back of house facilities. This substantial capital investment provides a significant holding income opportunity for investors, whilst they contemplate development options.

The property is offered for sale via Expressions of interest closing 12pm (AWST) 8 August 2019.

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Disclaimer

This page has been prepared by Richard Noble & Company and JLL (exclusive selling agents) and is solely for the information of potential buyers to assist them in deciding whether they are significantly interested in the property offered for sale to proceed with further investigations of the property on their own. Information contained herein does not constitute all or any part of any offer or contract of sale and is intended as a guide only.
The agent has prepared the information contained in the report and potential buyers should take note that any costings or areas contained within the report are based on figures provided to the agent by other parties and have not been independently verified. Any projections contained in the report therefore represent best estimates only and may be based on assumptions that, while reasonable, may not be correct.
If a projection has been made in respect of potential net income, such projection is an estimate and represents only one possible result, depending on the assumptions made. Potential buyers, should therefore, satisfy themselves as to the market assumptions and make their own judgement as to the likely outcome.
Potential buyers should not rely on any material contained in this report as a statement or representation of fact, but should satisfy themselves as to the correctness by such independent investigations as they or their legal or financial advisor’s see fit.
Any statements contained in this property report which are forecasts or predictions as to the likely state of property or rental markets in Perth in the future, are based on information available to the agent through various research sources. Whilst all care has been taken to ensure that information is accurate and conclusions drawn are reasonable, no warranty is given as to those conclusions or as to any forecast or prediction, nor does the seller accept liability for them. The buyer must make its own assessment as to the likely future of property and rental markets in Western Australia and as to the impact that it is likely to have on this property.