Perth’s Bayswater Hotel & Motel for sale for the first time in four decades by JLL
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Perth’s Bayswater Hotel & Motel for sale for the first time in four decades by JLL
The historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments.
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JLL PerthThe historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments. -
JLL PerthThe historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments. -
JLL PerthThe historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments. -
JLL PerthThe historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments. -
JLL PerthThe historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments.
The historic Bayswater Hotel & Motel, its 100% freehold interest and 6,452sqm landholding, has been placed on the market for the first time in forty years by JLL team Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments.
Following numerous unsolicited offers as well as interest shown by major retailers, the ownership group has appointed JLL team, Chloe Mason, Senior Executive, Hotels and Hospitality and Sean Flynn, Director, Sales & Investments, to spearhead the Expressions of Interest campaign.
Situated on an imposing 6,452sqm site that dominates the precinct, the Bayswater Hotel & Motel is strategically positioned directly opposite the Bayswater Train Station and is set to significantly benefit from a new $253 million upgrade, one of the critical features of Perth’s METRONET project.
Three separate trainlines, the Midland, Forrestfield-Airport and Ellenbrook lines, as well as a feeder bus terminus will converge at the Bayswater station and will transform the precinct into a transport and retail hub like no other in Western Australia. Only the Perth CBD train station will have greater public transport access. Please view an animated fly-through of the new Bayswater Station: https://www.youtube.com/watch?v=q7PSdUcskf8
These upgrades will provide people for the first time with the option to travel by rail to and from Perth Airport, the Swan Valley tourist region, the CBD and beyond.
Development WA (the State Government’s new land development agency) is responsible for developing and administering the new planning framework over the Bayswater Project Area, including a Redevelopment Scheme, Design Guidelines and Planning Policies. This new framework will unlock the enormous potential of Bayswater and will attract investment in the area.
Development WA released the design guidelines last week indicating that new development will be concentrated within this precinct to support population growth, public transport use and enhance town centre vibrancy, allowing the valued residential character of Bayswater to be retained in surrounding areas. Discretionary height of up to 18 storeys (55m) will be considered on the Bayswater Hotel site.
JLL’s Chloe Mason said, “If our previous hotly contested campaigns for the Subiaco Hotel and Leopold Hotel are anything to go by, this landmark watering hole with its 123-year history will undoubtedly gain a significant amount of interest from multiple buyer profiles. The business provides an incoming operator with the opportunity to secure a consistently performing hotel with a diverse income stream underpinned by a solid F&B offering. Add to this a loyal local following, leased TAB, bustling drive-thru liquor and a substantial and meticulously maintained accommodation offering.”
The Hotel is licensed for 744 patrons and has undergone several renovations, the most recent in 2013 which included the addition of 20 new hotel rooms. The property comprises three bars, a restaurant and function area, beer garden, large café, drive-thru bottleshop, TAB and 40 short-stay accommodation rooms.
JLL’s Sean Flynn said, “The property exhibits a powerful combination of fundamentals including its historical significance within the catchment, very strong current trading performance, diverse income streams, strategic location, minimal competition, flexible additional use profile and its large underlying landholding.”
“From a future development or repositioning perspective, unlike typical infill sites, the Bayswater Hotel & Motel provides a unique and significant development opportunity for savvy developers to pursue site optimization whilst maintaining a robust income stream from the existing business operations,” said Mr Flynn.
“As we’ve seen from previous land rich hotel offerings like the Bayswater, we fully expect participation from a range of parties spanning the hospitality and development sectors,” added Ms Mason.
The Bayswater Hotel & Motel is being offered for sale via Expressions of Interest.
To request a copy of the Information Memorandum please contact the JLL team via the contact details below.
