THE RICHARDSON HOTEL
The Richardson Aged Care, a conversion of the former Richardson Hotel, Suites and Spa, was opened in August 2018; the former hotel was completed in late 2006 and ceased operation in December 2017.
The 9-storey aged care centre provides 92 units over eight floors, a restaurant, bar and pool-side entertainment areas on ground floor and community lounge rooms on each level. Prior to redevelopment, the former hotel comprised 58 suites, 16 hotel rooms and a business centre.
| Sale Analysis | |
| Sale Price: | $32,500,000 |
| Sale Date: | December 2017 |
| Rooms: | 92 |
| Land Area: | 2,492sqm* |
| Price/Room: | $353,260/Room |
| Vendor: | Oxley |
| Purchaser: | Catalyst Richardson SPV |
| Sales Process: | The property was sold off-market after the opportunity to convert the hotel into Aged Care was identified |
A significant slice of Perth’s eastern CBD is set to change hands, with the prominent development site at 228 Adelaide Terrace formally launched to the market by Andrew Woodley-Page and Brett Wilkins of RWC WA. Occupying a substantial 3,275sqm freehold landholding, the property presents a rare large-scale CBD development opportunity … Read more
Leading commercial agents Andrew Woodley-Page and Brett Wilkins of RWC WA have been appointed to market for sale the freehold interest in 256 St Georges Terrace, Perth, with price expectations understood to be in the $200 million range. Prominently positioned at the “top of the Terrace” in Perth’s tightly held … Read more