Knight Frank Australia are pleased to exclusively present 85 Stirling Street, Perth, a prominent CBD hostel trading as the Emperor's Crown Hostel.
Improvements comprise of a two-storey hostel with an approximate building area of 1,410 sqm*, comprising 29 dormitory rooms plus commercial tenancy. Improvements are situated on a substantial future redevelopment site of 1,052 sqm* with 22.29m frontage to Stirling Street.
The property offers direct access to key transport infrastructure with pedestrian routes to the Perth Train Station, Perth Bus Port, McIver train Station as well as easy access to the north/south and east/west freeway systems and major arterial roads. In addition, this popular hostel mainly services the young tourist market because of its proximity to the popular Northbridge entertainment precinct and is an easy stroll into the heart of the Perth CBD.
Zoned "City Centre" under the City of Perth Town Planning Scheme, which is undergoing a revision to increase the plot ratio in this precinct.
The commercial tenancy of 106 sqm* is leased to a café operator which commenced trading on 22 November 2024 with a 5 + 5 year lease term.
The property sale is inclusive of the hostel business and is for sale by "Expressions of Interest" closing Thursday, 2pm (AWST) 19 June 2025.
To arrange an inspection or for further details, please contact the exclusive agents below.