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16-20 Gordon Street
West Perth WA 6005
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Sold on 11 Sep 2024

16-20 Gordon Street West Perth WA 6005

  • Hotel, Motel, Pub & Leisure
  • 956 m²
  • Sold, $5,725,000

For Sale - Brand New 10 Year Lease to Australian Venue Co. (Brewdog) with Depreciation Benefits

  • Brand new 10 year lease to AVC
  • Net passing income $350,000 per annum
  • 956sqm of land over 2 green title lots

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.

Sterling Property Co
Sterling Property Co
Suite 6, 388 Hay Street
Subiaco, WA 6008

Property Highlights

Date Sold11 Sep 2024
Sold Price$5,725,000
Floor Area956 m²
Land Area956 m²
ParkingAsk Agent
Property ID2019100581
Category
Last updated  16 Sep 2024
Map for 16-20 Gordon Street West Perth WA 6005
Sterling Property Co
Sterling Property Co
Suite 6, 388 Hay Street
Subiaco, WA 6008

Property Highlights

Date Sold11 Sep 2024
Sold Price$5,725,000
Floor Area956 m²
Land Area956 m²
ParkingAsk Agent
Property ID2019100581
Category
Last updated  16 Sep 2024

Listed by

Brian Neo
Sterling Property Co
Call
0411 868 486

More about 16-20 Gordon Street West Perth WA 6005

16-20 Gordon Street West Perth WA 6005 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 956 m² and a land area of 956 m². The listing ID for this property is 2019100581.

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