Exclusive selling agents from Colliers Andrew Lewis, Ned Tansey and James Lawson are bringing the iconic hotel, Queenscliff Brewhouse, to market in the premier coastal location of Queenscliff, 35mins from Geelong.
Queenscliff Brewhouse is situated on a significant corner landholding in the popular coastal township of Queenscliff with frontages to both Gellibrand and Symonds Street.
The 145-year-old property offers views across Port Phillip Bay from the newly constructed balcony. Recent renovations to the building highlight the historic façades of original period chic with a modern overlay while the interior boasts an array of areas, including multiple bars, dining areas, TAB, Bottlemart and beer garden.
Colliers Director Andrew Lewis said, “The substantial two-storey building is currently securely leased to Otway Brewing Group, who are running multiple successful venues across the Bellarine Peninsula and Surf Coast, offering its patrons several brands produced in their Brewery and Distillery. The current tenant has committed to another five-year lease, proving a secure income stream of $380,000 annually until December 2027 with two further options of 5 years each.”
“The property sits on a significant freehold landholding of 1,402sqm mixed-use zoned land, providing endless upside of future development to enhance the asset further using the access land (STCA) with potential for future accommodation rooms,” said Mr Lewis.
Queenscliff is a township along the Bellarine Peninsula full of history dating back to the 1850s. It is well known for its stunning harbour, picturesque beaches, heritage architecture and daily ferry service to Sorrento, located just 35min drive from Geelong.
“The lifestyle offered by this coastal town keeps attracting locals who permanently live in the area as well as holiday goers, looking to escape the city, being a desirable destination offering quality retailers and food and beverage,” said Mr Tansey.
“Queenscliff has been a desirable destination for people relocating from Melbourne with residential property prices increasing by 13% in the previous 12 months with the median house price now $1,750,000” said Mr Tansey
The property is being offered for sale by an Expressions of Interest campaign closing on Thursday, 20 July 2023, at 4pm (AEST).
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