Brew site for sale
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.