16 Gordon StreetWest Perth WA 6005
Property Details for 16 Gordon St, West Perth
Last Listing description (July 2024)
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
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.
Property History for 16 Gordon St, West Perth, WA 6005
- 13 Jun 2024Sold for $5,725,000
- 06 Mar 2024Listed for Sale $5,895,000
- 04 May 2011Sold for $1,800,000
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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 5,887 properties.
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