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58 Southside Drive Hillarys, WA 6025

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58 Southside Drive Hillarys, WA 6025

Hotel & Leisure • Shop & Retail
Sold Price

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Floor area

1.0m²

Tenure type

Vacant Possession

Sold on

20 Dec 2018

THE BREAKWATER - LEASEHOLD OPPORTUNITY

  • Iconic Perth venue
  • Substantial turnover and profitability
  • 35 year lease term
CBRE Hotels is delighted to present to market the leasehold interest in the Breakwater located at Hillarys Boat Harbour in Perth's northern suburbs.

This iconic long-standing venue has remained in the Reid family for 25 years. In 2008 the Breakwater relocated from the centre of the Harbour to its now prominent position at the northern tip.

The unique waterfront venue features several areas including the lower deck bar, upstairs intimate lounge, Ishka Restaurant and the Akoya Suite which incorporates several function spaces.

Key investment considerations include:

- 35 year lease term remaining (from December 2018)
- Substantial turnover and profitability
- Hillarys Boat Harbour is one of Perth's most frequented tourists locations - receiving over 4.5 million visitors each year
- Total venue licensed for 1391 persons
- Ample onsite parking within the marina

The leasehold opportunity is for sale by Offers to Purchase.

Property ID: 502806462Last Updated: 7 Jan 2019

58 Southside Drive
Hillarys, WA 6025

Agency contacts

CBRE - Hotels

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CBRE - Hotels

Level 21, 363 George Street
SYDNEY, NSW 2000
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Chloe Mason
CBRE - Hotels
58 Southside Drive Hillarys, WA 6025

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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