For Sale - Brand New 10 Year Lease to Australian Venue Co. (Brewdog)
16-20 Gordon Street, West Perth WA 6005
$5,895,000
HotelSize: n/a
Block size: 956 m² approx.
Sterling Property, as Exclusive Selling Agents, are pleased to offer For Sale 16-20 Gordon Street, West Perth.
A Rare Offering to Purchase Western Australia's First "Brewdog" Micro Brewery
Brand New 10 Year Lease plus 2 x 10 Year Options
Secure Income with fixed annual rent increases with bonus turnover provision in lease
High Spec F&B Fitout
16 - 20 Gordon Street was originally built to house the Gordon Street Auto Electricians. In 2011/2012 the building went through a significant refurbishment and converted to The Gordon Street Garage. (Restaurant)
In 2023 a brand new lease was executed to national hospitality group Australian Venue Co (AVC), a company that operates over 200 venues across Australia.
Key Highlights:
Brand new 10 year lease to AVC + 2 x 10 year options
Fixed Annual Increases
956sqm of land over 2 green title lots
Net passing income $350,000 per annum
Turn over rent provisions in lease
High quality food and beverage offering.
WALE of 9.7 years* (by income) as at 1st March 2024
Location:
16-20 Gordon St, West Perth is located in one of Perth's better performing fringe Office suburbs. The past 2 years has experienced positive net absorption rates which has seen a decrease in vacancy rates and influx and office workers return to the suburb.
Key Surrounding Land Marks:
RAC Stadium - 500m
Harold Boas Gardens - 700m
Kings Park - 1.2km
Northbridge - 1.4km
Perth CBD - 1.5KM
Elizabeth Quay - 2.1km
Asking Price:
$5,895,000 (going concern)
Exclusive Selling Agent:
For any further queries please contact Exclusive Selling Agent Brian Neo 0411 868 486.
A Rare Offering to Purchase Western Australia's First "Brewdog" Micro Brewery
Brand New 10 Year Lease plus 2 x 10 Year Options
Secure Income with fixed annual rent increases with bonus turnover provision in lease
High Spec F&B Fitout
16 - 20 Gordon Street was originally built to house the Gordon Street Auto Electricians. In 2011/2012 the building went through a significant refurbishment and converted to The Gordon Street Garage. (Restaurant)
In 2023 a brand new lease was executed to national hospitality group Australian Venue Co (AVC), a company that operates over 200 venues across Australia.
Key Highlights:
Brand new 10 year lease to AVC + 2 x 10 year options
Fixed Annual Increases
956sqm of land over 2 green title lots
Net passing income $350,000 per annum
Turn over rent provisions in lease
High quality food and beverage offering.
WALE of 9.7 years* (by income) as at 1st March 2024
Location:
16-20 Gordon St, West Perth is located in one of Perth's better performing fringe Office suburbs. The past 2 years has experienced positive net absorption rates which has seen a decrease in vacancy rates and influx and office workers return to the suburb.
Key Surrounding Land Marks:
RAC Stadium - 500m
Harold Boas Gardens - 700m
Kings Park - 1.2km
Northbridge - 1.4km
Perth CBD - 1.5KM
Elizabeth Quay - 2.1km
Asking Price:
$5,895,000 (going concern)
Exclusive Selling Agent:
For any further queries please contact Exclusive Selling Agent Brian Neo 0411 868 486.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Brian Neo to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Hotel
Block Size:
956 m²*
Other Details
Lot:
16
Legal description:
P000045/16
Maps and area information
Block information
Block size: 956m² (approx)
Legal description: P000045/16
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
35 years
Population
6,102
Listing ID: 182354862. This listing has been viewed 0 times. It was first displayed on 06/03/2024 and last updated on 24/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.