Private Investor Secures Iconic Queenscliff Brewhouse for More than $6 Million

A private investor has purchased the iconic Queenscliff Brewhouse for more than $6 million, following its listing through Burgess Rawson from CBRE agents Matthew Wright and Neville Smith.

Located at 2 Gellibrand Street, the property has played a central role in the local community since 1879 and remains a key feature in Queenscliff’s hospitality landscape.

Its strong trading history and recent refurbishment have positioned it as a highly secure and attractive investment opportunity.

The venue was extensively upgraded in 2024 by incoming tenant Australian Venue Co (AVC), the country’s second-largest hotel group.

The improvements were carried out as part of AVC’s long-term commitment to the site and underpin the lease terms offered with the sale. A new 10-year lease, commencing April 2025, includes four additional ten-year options, providing potential lease security through to 2075.

AVC is responsible for all outgoings, including council rates, insurance, and maintenance with the asset producing a net income of $358,685 per annum, with fixed annual rental increases of 2.75%.

Situated on a high-profile 1,402sqm corner site, the property is set within one of Victoria’s most tightly held and sought-after coastal towns. Just 29 kilometres from Geelong, Queenscliff attracts strong seasonal visitation, with the population increasing by over 466% during the summer months.

Mr Wright highlighted the strategic location near the Queenscliff to Mornington Peninsula ferry terminal, which continues to drive high foot traffic and year-round patronage.

Mr Smith added that the area’s median house price of $1,440,000 reflects the town’s affluent demographic and underlines the long-term desirability of the location for investors.