Brew site for sale

Cockburn Gazette - - NEWS - Kim MacDon­ald

THE Cap­pu­cino Strip home of the Monk Craft Brew­ery is on the mar­ket, but beer lovers need not fear.

The cur­rent ten­ants have a lease un­til April and three five-year op­tions to re­new.

Set on 923sq m, the three­storey build­ing at 33 South Ter­race fea­tures a full com­mer­cial kitchen, of­fices, and ameni­ties on the ground floor, along with ad­di­tional of­fices, stor­age, and carparks on the base­ment level, with ve­hi­cle ac­cess from Es­sex Lane.

It has 1824sq m of floor area, plus bal­conies, with 35 me­tres of frontage.

“The main din­ing and bar area is raised off South Ter­race and in­cludes a 214 square me­tre ex­ter­nal alfresco area, cen­tral bar and grill, and a bar and sit-down din­ing area for ap­prox­i­mately 350 pa­trons,” sales agent Bar­ney Dear said.

Sav­ills Aus­tralia’s Nick Charl­ton said the prop­erty was 75 me­tres from the Fre­man­tle Mar­kets and within walk­ing dis­tance of the Fre­man­tle Boat Har­bour and the Fre­man­tle train sta­tion.

“While the build­ing is cur­rently used as a brew­ery and restau­rant, un­der the cur­rent plan­ning codes it has the abil­ity to be re­pur­posed or fur­ther de­vel­oped upon,” Mr Charl­ton said.

Mr Dear said there was in­ten­sive in­vest­ment in Fre­man­tle, with prom­i­nent pri­vate in­vestors and prop­erty com­pa­nies such as Min­deroo, Sil­ver­leaf In­vest­ments, Sirona, SKS Group, ADC and Yolk Prop­erty Group pour­ing hun­dreds of mil­lions of dol­lars into th­ese de­vel­op­ments.

“Th­ese new projects will re­sult in a sub­stan­tial in­crease in of­fice work­ers, tourists and full-time res­i­dents in the Fre­man­tle CBD,” Mr Dear said.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.