logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Investment Management)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTQI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Environmental, Social and Governance
      Investor Relations
      Media Centre
      Reconciliation
      The Place Makers

Next

Press Release
West Gippsland dairy aggregation going to market
  • Home
  • About CBRE
  • Media Centre
  • CornerStone of Perths northern suburbs hits the market

CornerStone of Perth's northern suburbs hits the market

Perth | 9 May 2018
  • Email
  • Share
  • Tweet
  • Share

The CornerStone Alehouse within the Satterley-developed Brighton Estate in Perth’s northern suburbs is being offered to the market for sale.

Opening in 2011, the CornerStone Alehouse is a well-established community tavern owned and operated by the Gastevski Group.

The popular tavern, which is well-known to locals, is regularly frequented by residents within the Brighton Estate, in addition to several emerging communities, such as Butler, Alkimos, Jindalee and Two Rocks. The venue will continue to benefit from growing patronage as the surrounding population increases.

CBRE Hotels has been appointed to manage the sale campaign of the tavern, which comprises a bistro, lounge bar, courtyard and alfresco areas. The venue, approximately 1,000sqm in size, is licensed to hold 399 persons. The CornerStone Alehouse also forms part of a larger 3,144sqm landholding with additional development opportunities.

CBRE’s Ryan McGinnity said the venue represented a flexible opportunity to secure a presence in Perth’s pub market.

“This is a unique offering given the multiple selling options available to a buyer. The seller is offering a purchase of both the land and business; a leasehold sale to an incoming operator; or a freehold sale with a long-term leaseback,” Mr McGinnity said.

“The Gastevski Group currently has a number of ongoing projects as it looks to establish more venues across Perth. It is for this reason we are offering a multitude of purchasing options – enabling the incoming purchaser flexibility while also having the potential to maintain its own stake in the operation.”

CBRE’s Chloe Mason said the property’s position surrounded by several high-growth suburbs would underpin buyer interest.

“The CornerStone Alehouse is the only tavern in the immediate locality, which helps ensure strong continued patronage. As the northern beaches population base continues to grow, this venue is well-positioned for future sustained success.

Offers to Purchase close June 6, 2018. 

For Australian/international news or global stories, follow us on Twitter.

ABOUT CBRE GROUP, INC.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The Company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services; including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.au.

Contact Us

$name
Natasha Pierson
Associate Director, Communications
Australia
+61 405 260 978
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube