Aloft Perth & 25 Rowe - SOLD

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Sold for 100,000,000 AUD Date of Sale: November 2018
Rooms: 224
Price Per Room: 446,429 AUD
Property Id : 29481
Land Size: 6,385 m2
Year Opened: 2017
Land Tenure: Freehold
Management: Marriott International

JLL has been exclusively retained to offer for sale the Aloft Perth & 25 Rowe commercial office building (the “Hotel”, “Office”, “Property” or “Asset”) located at 25 & 27 Rowe Avenue, The Springs, Rivervale WA 6103.

The Hotel and Office are in a high-profile location along the Great Eastern Highway corridor in proximity to multiple blue chip companies, equidistant between Perth CBD and Perth Airport. The Aloft Perth is Marriott International’s flagship Aloft-branded property in Australia and offers spacious design-led hotel rooms, modern Australian cuisine, an outdoor heated swimming pool, and conferencing space boasting a large rooftop terrace presenting views of the Swan River and Perth CBD beyond.

25 Rowe is a rare non-CBD A-Grade office building that is leased to blue chip tenants including Honeywell and Bunnings. A highly efficient building offering over 10,569 square metres of Net Lettable Area, the Office is designed to benefit from abundant natural light and flexible floor plates, whilst offering modern end of trip facilities and parking totalling 509 bays.

The Springs in Rivervale is a redeveloping inner-city precinct and the mixed-use Property serves as the focal point for the 2,000 residences in the vicinity. The Hotel & Office are well-placed to continue serving surrounding corporate tenants, MICE demand, together with leisure guests and Perth’s large ‘fly-in fly-out’ commercial demand.

Other Features
Car park
Conference and meeting spaces
Gymnasium
Restaurant

Mark Durran

Managing Director, Investment Sales Australasia
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