4 November 2014

Historic buildings on William Street for lease

Expressions of interest to lease Rechabites Hall and the Perth Hostel in Northbridge open today, marking the final stage of the State Government’s $6million revitalisation project for William Street.

Planning Minister John Day said Rechabites Hall - a former theatre and bank - could be used for retail, food and beverage, and creative spaces, while Perth Hostel would suit offices or boutique accommodation.

The Minister said new tenancies in both properties would add to the vibrancy and cultural identity of William Street with interest expected from hospitality professionals and developers with experience, financial backing and an interest in building on Northbridge’s character.

“The successful bidder will share our vision for William Street and offer uses that will connect arts and cultural events, activate the streetscape and integrate with Northbridge,” Mr Day said.

The State Government, through the MRA, has restored 16 properties on William Street since 2009, upgraded public areas and created a vibrant urban quarter now occupied by creative industries, restaurants and galleries.

The Minister said the Government’s investment of $6million in William Street - and the investment in revitalising the Perth Cultural Centre - had been replicated many times over, attracting private investors, with new industries, restaurants and businesses opening in Northbridge. Rechabites is considered the flagship property of this niche strip and final stage of the William Street revitalisation.

Built in the 1920s, Rechabites Hall was formerly a theatre and bank before closing in 2008. It is expected to be redeveloped as a food and beverage venue and creative industry space spread across 856sqm on three levels. Perth Hostel is expected to operate as office or boutique accommodation over 937sqm.

The William Street Precinct is a vibrant urban quarter and thriving home for creative industries, restaurants and galleries. The 74-bedroom Alex Hotel is currently under construction and due to open next year joining Lot Twenty, a small bar on the corner of James and William Streets, and a modern Indian restaurant that is expected to be open in mid-December.

Expressions of interest for Rechabites Hall and Perth Hostel close December 18, 2014.