FOR SALE
$5,895,000

16-20 Gordon Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 956m2
Land area: 956m2
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For Sale - Brand New 10 Year Lease to Australian Venue Co. (Brewdog) with Depreciation Benefits

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
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Property Details for 16-20 Gordon St, West Perth

Building Type
Commercial
Floor Size
956m2
Land Size
956m2

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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,806 properties. Over the last 5 years, Houses in West Perth have seen a 36.76% increase in median value, while Units have seen a 33.91% increase. As at 31 July 2024:

  • The median value for Houses in West Perth is $1,005,413 while the median value for Units is $546,181.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 54 properties listed for sale, and 37 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 343 properties were sold in the past 12 months in West perth.

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Brian Neo
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