52 LORD STREET, EAST PERTH, WESTERN AUSTRALIA
52 Lord Street is substantial fringe CBD development site of 4,882sqm. The property has prominent….
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 |
52 Lord Street is substantial fringe CBD development site of 4,882sqm. The property has prominent….
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