194 William St, Perth is an exceptionally located property in the heart of the Northbridge area, brimming with potential for investors, accommodation operators and developers.

The building, known as Perth Hostel, was constructed in the early 1900s, has a long and storied history, has been under its current ownership since the 1960s. The property has an accommodation offering with approximately 29 rooms, in addition to three ground floor retail tenancies with broad frontage to busy William St.

Key features of the property include:

• 554sqm Land area*.
• 1,237sqm Lettable area*.
• 18 metres of William St frontage*.
• Located only metres to the proposed ECU City Campus, Perth Train Station and Busport and the CBD.
• Approximately 29 room vacant accommodation tenancy over the entirety of the first and second floors. A 3D virtual tour of this accommodation tenancy is available.
• Three ground floor retail tenancies which are currently home to Bivouac Canteen, Govinda’s Restaurant and Aim Hair Studio.
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The strategic location of this property will be highly sought after by those looking to take advantage of the significant Government expenditure in the area, including the proposed 60,000sqm ECU City Campus which is expected to attract around 9,000 students and staff.^

This property is for sale by Cygnet West, with offers closing 2pm AWST on the 14th of December 2022.

Please contact the listing agents for further information or to arrange an inspection.

* approx
^ Source: State Govt