Woolworths offers historic Nedlands hotel for lease
Woolworths is offering Nedlands’ historic Captain Stirling hotel for lease, four months after winning a planning battle to develop the $25 million Nedlands Square town centre around it.
The rental agreement for the c1925 two storey pub – developed for Senator Bertie Johnston but for the last 25 years occupied by ALH – will kick in once construction of the shopping centre, on part of the car park, begins.
Over two floors, it contains a sports bar, accommodation and restaurant.
In 1997, it was assessed for entry into the National Estate by the Australian Heritage Commission.
The National Trust also recommended it for classification 25 years ago.
The Captain Stirling, including the component set to make way for Nedlands Square, is owned by the Marie Louise Wordsworth, a philanthropist, investor and wife of liberal party minister David, who served in the Sir Charles Court government.
“The pub needs to be redeveloped to meet the centre development and the customer,” leasing agent Peter Haverhoek, from Inside: Out Retail Property, said.
“As such, we welcome all experienced hoteliers to provide their design and pitch to capture this opportunity,” he added.
“Initial discussions with WA publicans have provided some amazing examples of modern food and beverage destinations with retail precincts,” according to the executive.
“We have drawn inspiration from these venues across Perth and are excited to create a landmark hotel on this site, in this project”.
Nedlands is seven kilometres south west of Perth’s CBD (story continues below).
Nedlands Square
The state government’s Metro Inner-North Joint Development Assessment Panel (JDAP) voted in favour of Nedlands Square by 4:1 in February; Woolworths had been seeing approval for 13 years.
Over three floors, the complex will contain a full-line supermarket, specialty stores, café as part of a dining precinct and a health and wellness zone with a medical centre and a gym. It is also designed with 392 car parks.
“The new development will transform the site and features a modern Woolworths supermarket and BWS plus,” the landlord said.
Mr Haverhoek added Nedlands Square is set to become an iconic shopping centre in the golden triangle, containing some of Perth’s most affluent suburbs.
“We see the leasing of the pub as a key anchor tenant on which to base the curation of tenants for the project,” he added.
The leasing campaign comes two months since the supermarket giant’s development arm sold the completed complex Woolworths Mountview for $35.2m.
At Redbank Plains, that was the fourth Brisbane mall the supermarket giant offloaded this year: the others were at Bannockburn and Dakabin – with both traded to Henry Yuen’s Centra Property Group – and Browns Plains’ Westpoint shopping centre.
The retailer also recently divested Melbourne’s Cranbourne West Shopping Centre – banking $41.8m.
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