Riverfront hotel in Perth's North Fremantle listed for sale

Riverfront hotel in Perth's North Fremantle listed for sale
Riverfront hotel in Perth's North Fremantle listed for sale

A riverfront hotel at North Fremantle in Perth with potential for further development has been listed for sale.

Located at 7-9 John Street, North Fremantle, WA, 6159, the Pier 21 Apartment Hotel sits on 4,006 sqm of land with 87 metre frontage to Swan River.

It has exclusive water access and views of the John Street Marina. It was fully refurbished in 2012.

The owner-operator has a five-year lease back with a net rental of $1.4 million, along with 47 apartment rooms of varying sizes.

There is an opportunity to convert the property into a residential strata conversion or future residential development.

The property is a long established profitable hotel with a loyal customer base.

Expressions of interest close March 17 and the property is being offered through CBRE agents Ryan McGinnity, Ben Younger and David Kennedy.

Tags: 
Commercial Property North Fremantle

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