A well known motel in tightly held East Perth is expected to attract keen interest among a diverse range of buyers when it hits the market this week.

Colliers’ Shane Isaacs has been appointed to sell the popular Baileys Motel at 150 Bennett Street, East Perth by Expressions of Interest closing March 23, 2022.

The hotel offers 45 rooms and 39 car bays on a significant 3,045sqm landholding on the corner of Bennett and Wickham Street in East Perth.

“This is a rare opportunity to a acquire a freehold city fringe motel that has enjoyed high occupancy rates even during Covid restrictions,” Mr Isaacs said. “With the imminent reopening of the borders, we expect that this will continue.

“Large landholdings in East Perth are increasingly difficult to find and with its prime corner position, potential city views and generous development guidelines the property also offers outstanding redevelopment potential.

“It is not often, particularly in the current buoyant market, that a property offering such a diverse a range of options for an astute buyer becomes available in one of Perth’s most sought-after city fringe locations.”

Mr Isaacs said the property could be owned and operated as the existing motel that has consistently shown high occupancy rates.

“It could also be redeveloped to capitalise on the large land holding, generous development guidelines, potential city views and the growing trend towards inner city living to create a new landmark residential or mixed-use development,” he said.

There was also an option to lease the motel to an existing operator as a long-term investment holding or to generate a significant income until the site is ready to be developed.

To request a copy of the Information Memorandum please contact one of the marketing agent via the contact details below.

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