Share this property

realcommercial.com.au
Sterling Property Co

16-20 Gordon Street West Perth, WA 6005

Directions

16-20 Gordon Street,
West Perth, WA 6005

Hotel, Motel & Leisure • Shops & Retail • Development Sites & Land

Price information

Sale

Offers Invited

Key property information

Land area

Floor area

Property extent

Private inspections

to arrange a private inspection.
Sterling Property Co
Brian Neo

Sterling Property Co

Suite 6, 388 Hay Street
SUBIACO, WA 6008
04118684...
Sterling Property Co
16-20 Gordon Street
West Perth, WA 6005

Map of 16-20 Gordon Street

Directions
  • Train stations within 5 km of 16-20 Gordon Street, West Perth, WA 6005Distance
    City West Station444 m
    Elizabeth Quay Railway Station1.2 km
    Perth Station1.2 km
    Leederville Station1.2 km
    West Leederville Station1.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 16-20 Gordon Street, West Perth, WA 6005Distance
    Wellington St After George St142 m
    Wellington St Sutherland St Yellow CAT 22177 m
    Sutherland St Sutherland St Green CAT 13214 m
    Sutherland St Sutherland St Green CAT 9236 m
    Hay St Parliament Red CAT 15247 m
    POWERED BY HERE ©
POWERED BY HERE ©

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

  • 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 via Offers Invited 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

Sales Process:
For Sale via Offers Invited

Exclusive Selling Agent:
For any further queries please contact Exclusive Selling Agent Brian Neo 0411 868 4....

Property ID: 504536768Last Updated: 2 Apr 2024

Sterling Property Co
Suite 6, 388 Hay Street
SUBIACO, WA 6008
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.