A unique opportunity for a long-term, leased investment in the heart of West Perth has today been presented to the open market.
Located at 16-20 Gordon Street, West Perth, the 956sqm property is comprised of two 478sqm sites with individual green titles and will be sold as one. Just 550m from RAC Arena and an eight-minute walk from the Perth city centre and Northbridge, the site is in a prime central location and has been well-received for its offering as a pre-event destination.
The property is tenanted by one of Australia’s leading hospitality groups, Australian Venues Co., and will be sold as a leased investment. With more than 200 venues nationwide, Australian Venue Co. opened Perth’s first BrewDog brewery and taproom in August, 2023. Extensive upgrades have been made to the venue to create the desired atmosphere. The popular venue features large indoor and outdoor spaces including two bars, a beer garden and a stage for live entertainment. Australian Venue Co. currently holds a 10-year lease, with an option to extend for a further 10 years.
Sterling Property Principal Partner, Brian Neo, commented that Perth CBD properties are experiencing increasing demand, and CBD fringe suburbs such as West Perth are expecting continued grow.
“West Perth is rapidly becoming sought-after for its proximity to the CBD – as demonstrated by hospitality heavyweight Australian Venue Co. launching BrewDog at the Gordon Street site,” said Mr Neo. “Australian Venue Co. has backed the launch with a long-term lease and significant investment in upgrades. For those looking to purchase the site, this represents a secure investment with reliable income for decades to come.”
In the future, any number of possible development opportunities are available for the new owner of the site. Its proximity to the CBD, entertainment hotspots and major road networks present an attractive location for multi-use development, while the property sitting across individual titles creates opportunities for two separate developments.
Mr Neo is handling the sale process and encourages all interested parties to view the property and place an offer over the four-week advertising period.
To find out more or enquire, get in touch with our team today.
