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85 Stirling Street
Perth WA 6000
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85 Stirling Street Perth WA 6000

  • Shop & Retail
  • 1,215 m²
  • For Sale, contact agent

Remarkable Investment Opportunity in The Heart of Perth City.

    Discover a remarkable investment opportunity in the heart of Perth with this unique property at 85 Stirling Street, currently operating as the Empire Crown Hostel.

    This well-established backpacker accommodation features 29 rooms and 105 beds, offering a steady and lucrative income stream with limited vacancies.

    Redevelop into a high-rise residential building, tapping into the increasing demand for urban living spaces in Perth.

    Potential Uses:
    Continued operation as a backpacker hostel, capitalizing on the growing tourism sector.

    This unique property offers investors a dual opportunity:

    A solid income-generating business with the potential for future growth and redevelopment.

    Don't miss the chance to own this exceptional asset in one of Australia's most dynamic cities.

    Key Features:
    Established Business:
    The Empire Crown Hostel is a well-known establishment in the backpacking community, renowned for its friendly atmosphere and convenient location. The hostel is mostly occupied, ensuring a robust occupancy rate.

    High Net Income:
    This property is generating over 7.7% in net income annually, the Cafe has just been leased, demonstrating its profitability and strong market demand.

    Investment Potential:
    The property sits on a prime site with potential for redevelopment. There is an opportunity to construct a multi-story apartment building of up to 21 stories, subject to council approval allowing for significant capital appreciation and increased revenue potential.

    Strategic Location:
    Situated in a vibrant area of Perth, the hostel benefits from proximity to public transport, dining, entertainment, and major attractions, making it an attractive option for travelers.
    Site Details

    Zoning
    Zoned "City Centre" Under the City of Perth's Town Planning/to be CONFIRMED

    Contact Brian McAllister or Doreen Sharma today to learn more about this fantastic opportunity and schedule a viewing.

    [Disclaimer: Whilst every care has been taken in preparing this advertisement and all information is provided in good faith, neither the agent nor the seller accept responsibility for any errors, omissions, or misdescriptions. Prospective buyers should make their own independent enquiries to their full satisfaction in relation to the property prior to submitting an offer.]

    Disclaimer:
    This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

    The Agency
    The Agency
    68 Milligan St
    Perth, WA 6000

    Property Highlights

    Floor Area1,215 m²
    Land Area1,052 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2019883757
    Category
    Last updated  24 Mar 2025
    Map for 85 Stirling Street Perth WA 6000

    Nearest transport* to 85 Stirling Street Perth WA 6000

    Bus
    Train
    Tram
    Ferry
    Beaufort St Museum Northbound125 m
    Beaufort St Before Aberdeen St165 m
    Aberdeen St Tafe East Cat Id 6179 m
    Aberdeen St Tafe East Cat Id 18189 m
    Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
    *Within a 4km radius
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    nbn® Fibre to the Curb (FTTC) is available in this property
    Max wholesale speed tier available: nbn® Fibre to the Curb
    The Agency
    The Agency
    68 Milligan St
    Perth, WA 6000

    Property Highlights

    Floor Area1,215 m²
    Land Area1,052 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2019883757
    Category
    Last updated  24 Mar 2025

    Co-Agents

    Doreen Sharma
    Doreen Sharma
    The Agency
    Call
    0415 070 683

    More about 85 Stirling Street Perth WA 6000

    85 Stirling Street Perth WA 6000 is categorized as Shop & Retail Property. It has a floor area of 1,215 m² and a land area of 1,052 m². The listing ID for this property is 2019883757.

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