78 Railway ParadeBayswater WA 6053
Property Details for 78 Railway Pde, Bayswater
Last Listing description (December 2021)
JLL is delighted to offer to the market for the first time in 40 years, the freehold going concern interest in the Bayswater Hotel & Motel located 6km north-east of Perth's CBD and situated within the new DevelopmentWA METRONET East Bayswater Redevelopment precinct.
Key highlights of this outstanding opportunity include:
* Classic two-level heritage pub originally constructed in 1898, having only had three freehold owners
* Extensive refurbishments systematically undertaken over the years, with the most recent works in 2018
* Very loyal patronage and a popular local pub with a proven long term trading history
* Dynamic income steam delivered via pub, accommodation, large bistro, leased TAB and popular Thirsty Camel drive-thru liquor
* 40 meticulously maintained accommodation rooms, including 20 constructed more recently in 2013
* Precinct-dominating 6,452sqm* landholding
* Directly adjacent to the new $253 million Bayswater transport hub at the interchange of three train lines connecting also to feeder buses
* Centrally located within DevelopmentWA's exciting new METRONET East Bayswater Redevelopment Scheme
* High profile site at intersection of busy Beechboro Road South, Railway Parade and Drake Street
* Further mixed use redevelopment/repositioning of the site supported with a discretionary height limit of up to 18 storeys (55m)
* Very flexible site layout with three substantial street frontages
*Approx.
For sale by Expressions of Interest closing Thursday 26 August at 3.00pm (AWST).
Property History for 78 Railway Pde, Bayswater, WA 6053
- 25 Oct 2021Sold for $10,930,000
- 22 Jul 2021Listed for Sale Contact Agent
Recent sales nearby
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About Bayswater 6053
The size of Bayswater is approximately 9.8 square kilometres. There are 40 parks, covering nearly 15.1% of the total area. The population of Bayswater in 2016 was 14432 people. By 2021 the population was 15288 showing a population growth of 5.9% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation.In 2021, 69.50% of the homes in Bayswater were owner-occupied compared with 67.70% in 2016.
Bayswater has 8,840 properties. Over the last 5 years, Houses in Bayswater have seen a 93.34% increase in median value, while Units have seen a 134.19% increase. As at 30 April 2026:
- The median value for Houses in Bayswater is $1,272,929 while the median value for Units is $672,168.
- Houses have a median rent of $755 while Units have a median rent of $615.
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