Iconic Queenscliff Brewhouse Listed for Sale Through Burgess Rawson

The popular Queenscliff Brewhouse, set to benefit from a significant rejuvenation, has been listed for sale through Burgess Rawson’s Matthew Wright and Neville Smith.

Located at 2 Gellibrand Street, the prized asset has been a part of the local community since 1879, offers an exceptional opportunity for investors seeking a stable and high-growth asset in a prime coastal location.

With Australian Venue Co (AVC), Australia’s second-largest hotel group, having acquired the asset in 2024, the property has undergone extensive renovations, reinforcing its appeal. AVC’s substantial investment in the refurbishment of The Queenscliff Brewhouse further enhances the long-term security of the investment.

The property will be sold with a new 10-year lease, commencing in April 2025 and extending to 2035, with options for four further ten-year renewals, lasting up to 2075. The lease terms are highly attractive, with AVC responsible for all outgoings, including council rates, water rates, building insurance, public liability insurance, repairs, and maintenance. According to the agents, this set-and-forget investment provides peace of mind with minimal management responsibilities, making it an investor’s preferred option.

With fixed annual rental reviews of 2.75%, this property offers long-term rental growth, further enhancing its investment potential. The Queenscliff Brewhouse is located on a prominent 1,402sqm corner site in a highly sought-after accommodation precinct within Queenscliff, a thriving coastal resort town just 29 kilometres from Geelong.

Mr Wright said the area benefits from a significant tourism influx, with the population ballooning by over 466% during the summer months, ensuring sustained demand for services and amenities. This strategic location, close to the Queenscliff to Mornington Peninsula ferry service, also guarantees high foot traffic, reinforcing the property’s desirability.

“Queenscliff itself is a well-established town, with a median house price of $1,440,000, reflecting the area’s appeal as an affluent destination,” he added.

Mr Smith said investors looking for a high-quality, long-term leased asset in one of Victoria’s most desirable coastal towns, should not miss this opportunity.

With a net income of $358,685 per annum, this property represents an excellent opportunity to secure a prime asset with substantial long-term potential. The combination of a secure lease, tenant-funded refurbishment, and fixed rental increases ensures that this investment will continue to provide strong returns well into the future.

The Queenscliff Brewhouse is being sold as part of Investment Portfolio Auction 176, set for 10:30 am at Crown Casino on May 14.