78 - 80 Railway Parade Bayswater WA 6053

JLL is delighted to offer to the market for the first time in 40 years, the freehold going concern interest in the Bayswater Hotel & Motel located 6km north-east of Perth's CBD and situated within the new DevelopmentWA METRONET East Bayswater Redevelopment precinct.

Key highlights of this outstanding opportunity include:

* Classic two-level heritage pub originally constructed in 1898, having only had three freehold owners
* Extensive refurbishments systematically undertaken over the years, with the most recent works in 2018
* Very loyal patronage and a popular local pub with a proven long term trading history
* Dynamic income steam delivered via pub, accommodation, large bistro, leased TAB and popular Thirsty Camel drive-thru liquor
* 40 meticulously maintained accommodation rooms, including 20 constructed more recently in 2013
* Precinct-dominating 6,452sqm* landholding
* Directly adjacent to the new $253 million Bayswater transport hub at the interchange of three train lines connecting also to feeder buses
* Centrally located within DevelopmentWA's exciting new METRONET East Bayswater Redevelopment Scheme
* High profile site at intersection of busy Beechboro Road South, Railway Parade and Drake Street
* Further mixed use redevelopment/repositioning of the site supported with a discretionary height limit of up to 18 storeys (55m)
* Very flexible site layout with three substantial street frontages

*Approx.

For sale by Expressions of Interest closing Thursday 26 August at 3.00pm (AWST).