788 Hay StreetPerth WA 6000
Property Details for 788 Hay St, Perth
Last Listing description (November 2009)
HOLIDAY INN CITY CENTRE PERTH
FOR SALE - HOLIDAY INN CITY CENTRE PERTH
788 HAY STREET, PERTH
THE HOLIDAY INN CITY CENTRE PERTH HAS BEEN A CONSISTENT INCOME PERFORMER UNDER THE ASTUTE MANAGEMENT OF INTERCONTINENTAL HOTELS GROUP, WITH OCCUPANCY RUNNING ABOVE 90% FOR SEVERAL YEARS. AN ONGOING UPGRADE AND REFURBISHMENT PROGRAM BY THE OWNER HAS ASSISTED A 70% UPLIFT IN THE AVERAGE ROOM RATE SINCE 2005.
UNDERPINNING THE HOTELS SUCCESS IS ITS ???A??? GRADE LOCATION, CLOSE TO THE HAY STREET MALL, WITH ITS MYRIAD OF DEPARTMENT STORES AND RETAIL SHOPS AND THE CBD OFFICE CORE, RESTAURANTS, THEATRES AND CINEMAS AND PERTH???S CONVENTION CENTRE. THESE ARE ALL LOCATIONAL BENEFITS WHICH UNDERPIN THE HOTEL'S CONTINUED SUCCESS.
HOTELS IN PERTH HAVE BEEN TIGHTLY HELD FOR MANY YEARS AND HAVE ENJOYED STRONG GROWTH OFF THE BACK OF A BUOYANT LOCAL ECONOMY AND LITTLE TO NO NEW SUPPLY ENTERING THE MARKET. THESE FUNDAMENTALS WILL CONTINUE TO SUPPORT THIS SECTOR AND A PROPERTY SUCH AS THE HOLIDAY INN CITY CENTRE PERTH WILL REMAIN A RARE OFFERING IN WESTERN AUSTRALIA.
EXPRESSIONS OF INTEREST CLOSE AT 4PM ON WEDNESDAY 22ND APRIL 2009 AT THE OFFICES OF CB RICHARD ELLIS, SYDNEY.
FOR FURTHER DETAILS OR TO RECEIVE A COPY OF THE INFORMATION MEMORANDUM, PLEASE CONTACT DAVID KENNEDY OF CB RICHARD ELLIS PERTH ON 9320 0000.
INSPECTION STRICTLY BY APPOINTMENT ONLY.
Property History for 788 Hay St, Perth, WA 6000
- 07 Dec 2017Sold for $63,880,000
- 23 Nov 2009Sold for $44,000,000
- 21 Mar 2009Listed for Sale EXPRESSIONS OF INTEREST
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About Perth 6000
The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2016 was 11425 people. By 2021 the population was 13670 showing a population growth of 19.6% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation.In 2021, 32.50% of the homes in Perth were owner-occupied compared with 35.10% in 2016.
Perth has 12,100 properties. Over the last 5 years, Houses in Perth have seen a 55.65% increase in median value, while Units have seen a 60.09% increase. As at 31 March 2026:
- The median value for Houses in Perth is $1,386,298 while the median value for Units is $697,298.
- Houses have a median rent of $855 while Units have a median rent of $750.
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