379 Wellington Street,
Perth, WA 6000
Hotel, Motel & Leisure
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Map of 379 Wellington Street
Train stations within 5 km of 379 Wellington Street, Perth, WA 6000 Distance Perth station 233 m McIver Station 475 m Elizabeth Quay Railway Station 744 m Claisebrook Station 1.1 km East Perth Station 1.8 km POWERED BY HERE ©Bus stops within 5 km of 379 Wellington Street, Perth, WA 6000 Distance Wellington St Western Power Yellow CAT 13 27 m Barrack St Beaufort Street Bridge Blue CAT 4 63 m Wellington St Pier St Yellow CAT 26 109 m Transperth 114 m Wellington St Before Forrest Pl 169 m POWERED BY HERE ©
POWERED BY HERE ©
2nd Chance - CBD Hotel / Development Site
- CBD accommodation asset
- Solid trade, development upside
- 42 room hotel
CBRE Hotels is proud to present for sale, an outstanding future development site, currently trading as the 42 room Akara Hotel.
This is an opportunity to acquire the Freehold Interest of 379 Wellington Street, Perth.
Perth’s accommodation and hospitality sector has seen substantial growth over the past 12 months as the CBD continues to evolve with key infrastructure projects including Elizabeth Quay, Perth City Link and the under construction Edith Cowan University city campus.
Premium Location
Prominently located near the corner of Wellington and Barrack Streets, the property benefits from their proximity to public transport, Elizabeth Quay, Perth City Link and the Hay and Murray Street Malls.
Current and Future Activity Precinct
Completion of major infrastructure projects (Edith Cowan University, redevelopment of Yagan Square) are expected to redefine the northern end of the city.
Top 2 Australian RevPAR Growth Market
Perth is the second highest RevPAR growth market in Australia with a 34.5% increase from July 2022 to July 2023, driven by a 17.5% increase in occupancy levels and 14.5% increase in ADR.
Tourism Revenue
Tourism contributed over AUD $14 billion annually to the Perth economy.
Offers to Purchase campaign closing Thursday 4th April 2024 at 3pm AWST
This is an opportunity to acquire the Freehold Interest of 379 Wellington Street, Perth.
Perth’s accommodation and hospitality sector has seen substantial growth over the past 12 months as the CBD continues to evolve with key infrastructure projects including Elizabeth Quay, Perth City Link and the under construction Edith Cowan University city campus.
Premium Location
Prominently located near the corner of Wellington and Barrack Streets, the property benefits from their proximity to public transport, Elizabeth Quay, Perth City Link and the Hay and Murray Street Malls.
Current and Future Activity Precinct
Completion of major infrastructure projects (Edith Cowan University, redevelopment of Yagan Square) are expected to redefine the northern end of the city.
Top 2 Australian RevPAR Growth Market
Perth is the second highest RevPAR growth market in Australia with a 34.5% increase from July 2022 to July 2023, driven by a 17.5% increase in occupancy levels and 14.5% increase in ADR.
Tourism Revenue
Tourism contributed over AUD $14 billion annually to the Perth economy.
Offers to Purchase campaign closing Thursday 4th April 2024 at 3pm AWST
Property ID: 504417308Last Updated: 26 Apr 2024
379 Wellington Street
Perth, WA 6000
CBRE - Perth Level 25, QV1, 250 St Georges Terrace
PERTH, WA 6000
PERTH, WA 6000
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