Subiaco's Vic Hotel listed for sale with vacant possession

Subiaco's Vic Hotel listed for sale with vacant possession
Subiaco's Vic Hotel listed for sale with vacant possession

One of Perth’s oldest hotel venues - The Vic Hotel in Subiaco – has been offered for sale with vacant possession.

CBRE Hotels’ Ryan McGinnity and Aaron Desange have been appointed to sell the hotel, which was first opened in 1898.   

After taking over the hotel operations in mid-2019, the freehold owners updated equipment, revitalised the premises and created renewed interest in the venue with the addition of Rocky Ridge Brewing - all with the medium-term goal of selling the venue.

The venue, which is located on approximately 2,000sqm of land and includes 54 onsite car parking bays, last underwent substantial renovations in the 1980s and has since been operated by the likes of Black Toms and the ALH Group.

CBRE’s Ryan McGinnity said Subiaco was earmarked for a major transformation over the coming years, which would significantly benefit local businesses.

“As part of the Subi east development, the demolition of Subiaco Oval has been completed, Bob Hawke Highschool is already planning a student expansion and the demolition on PMH is underway.   Once completed Subi East along with One Subiaco will be home to residential, commercial and retail activity which will transform Subiaco” Mr McGinnity said.

“The Vic Hotel has been part of the fabric of Subiaco for more than 120 years and we expect the opportunity of a ‘blank canvas’ hotel will appeal to many.

"This is the chance to reposition this hotel for the next 20 years and capitalise on the many new residents of Subiaco in coming months and years.”

Tags: 
Perth Hotel Sale

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