The heritage-listed Perth City YHA is being offered for sale – unlocking 2,000sqm of prime real estate in the CBD.
Located at 300 Wellington Street, the art deco building was built in the 1940s as the headquarters for the St John Ambulance Association and accommodating affiliated services such as the fire brigade. The four-storey building was heritage-listed in 2001 and extensively renovated and refurbished when it became home to Perth City YHA in 2006.
Located at the northern end of Perth’s CBD, the Perth City YHA comprises 240 beds within 70 rooms, as well as a swimming pool, gym and fully equipped kitchen. The hostel is within easy walking distance to Perth’s Underground and Elizabeth Quay train stations, and Wellington Street bus port.
Mr Desange said the hostel’s location would be a key selling factor.
“The hostel has an enviable position in Perth’s CBD, which will underpin buyer interest – being close to public transport links, small bars and restaurants as well as Perth Arena and only a short train journey to Optus Stadium.” Mr Desange said.
“An incoming owner will be well-placed to benefit from the hostel’s central location, modern design and strong support from domestic and international travellers over the coming years.”
Mr McGinnity said while the local tourism sector had been challenged by COVID-19, activity was expected to pick up as restrictions eased.
“Prior to the onset of COVID-19, Australia experienced over one million backpackers in 2019 with strong growth levels of around 6.5% per annum. While no one expects life to return to normal immediately, we do expect foreign and domestic travellers to return to Perth once borders reopen”, Mr McGinnity explained.
The Perth City YHA is being offered for sale via Expressions of Interest.
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