Esplanade River Suites Perth (Pagoda Resort and Spa) - SOLD

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Sold for 30,930,000 AUD Date of Sale: April 2013
Rooms: 101
Price Per Room: 306,238 AUD
Property Id : 29195

Overlooking Perth’s famous Swan River, the award-winning 4.5 star Hotel offers 101 well-appointed studio, one and two bedroom apartments, together with a restaurant and bar and a range of conferencing and leisure facilities.

Opened in February 1998 on the site of the historic Pagoda Ballroom, the Hotel is located in the inner city suburb of Como, just 10 minutes from the CBD and 30 minutes from the Perth International and Domestic Airport.

With Perth’s positive market fundamentals and limited supply expected to enter the market over the short to medium term, an incoming owner will be well positioned to capitalise on the Hotel’s future income growth potential.

Offered for sale with the benefit of vacant possession, the Esplanade River Suites represents an exciting opportunity to acquire an established freehold hotel with strong underlying property fundamentals in Western Australia’s capital city.

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