Funding - Hotel Development Western Australia

Strategically located across the road from the recently upgraded Wellington Square Park and positioned within proximity to East Perth’s Claisebrook Cove and Café strip, this property has approval for a 15-floor boutique hotel that has views of the Perth City and of the parklands across the road.

The development in the current Approved Plans comprises a building some 50-metre high with maximum compliant heights possible to be reached at 60 metre, a maximum podium height of 21 metre allowing for some views over the current roof tops but as the building rises will have unrestrictive views each level it increases.
The overall design over 17 floors involves a ground floor café, bar, lounge and 110 hotel rooms above including a penthouse suite.
The 110-room property will offer both 1 and 2 bed guestrooms with the ability to multi-key rooms for families and group guests.

On-site lounge and restaurant spaces at level 1 serve breakfast and dinner for hotel guests and external clientele. Level 5 will feature a bar with a roof terrace overlooking Wellington Square.

Lenders Only - No Brokers or intermediaries
Value on Completion AUD$44.0m Development Funding Required AUD$28m