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.
