One of Perth’s most iconic hotels, the Paddington Ale House, is being offered for lease – paving the way for a new operator to make their mark on a landmark venue embedded in the city’s history books.
Located at 141 Scarborough Beach Road, Mt Hawthorn, the Paddington Ale House comprises a trading area of 1,676sqm and benefits from a corner position offering exposure to surrounding retail, commercial and residential amenities.
Built circa 1932, the character hotel consists of a restaurant, bar, alfresco dining, and accommodation rooms. The venue, which is located directly opposite a Woolworths-anchored shopping centre, is licensed to hold 520 patrons.
CBRE’s Ryan McGinnity and Chloe Mason have been appointed to market the long-term lease for the venue via Expressions of Interest closing March 12.
Mr McGinnity said the property represented an outstanding opportunity to capitalise on the popularity of one of Perth’s most well-loved venues.
“The Paddo is a Perth institution, being one of the city’s most well-frequented hotels over its 87-year existence. Not only does it benefit from an established reputation, but The Paddo’s position in a strong growth area will underpin its future success as a highly frequented venue,” Mr McGinnity said.
“The venue’s location, 4km from the Perth CBD, proximity to Leederville, North Perth and Wembley and the potential to obtain a long lease term, all weigh in favour of the offering.”
Ms Mason said with the City of Vincent’s population expected to increase 33% over the next 17 years, local businesses such as the Paddington Ale House would benefit.
“The Paddington Ale House has the potential to leverage off its central location in a suburb, which has a high percentage of young families with an above average median weekly income,” Ms Mason said.
Located at 141 Scarborough Beach Road, Mt Hawthorn, the Paddington Ale House comprises a trading area of 1,676sqm and benefits from a corner position offering exposure to surrounding retail, commercial and residential amenities.
Built circa 1932, the character hotel consists of a restaurant, bar, alfresco dining, and accommodation rooms. The venue, which is located directly opposite a Woolworths-anchored shopping centre, is licensed to hold 520 patrons.
CBRE’s Ryan McGinnity and Chloe Mason have been appointed to market the long-term lease for the venue via Expressions of Interest closing March 12.
Mr McGinnity said the property represented an outstanding opportunity to capitalise on the popularity of one of Perth’s most well-loved venues.
“The Paddo is a Perth institution, being one of the city’s most well-frequented hotels over its 87-year existence. Not only does it benefit from an established reputation, but The Paddo’s position in a strong growth area will underpin its future success as a highly frequented venue,” Mr McGinnity said.
“The venue’s location, 4km from the Perth CBD, proximity to Leederville, North Perth and Wembley and the potential to obtain a long lease term, all weigh in favour of the offering.”
Ms Mason said with the City of Vincent’s population expected to increase 33% over the next 17 years, local businesses such as the Paddington Ale House would benefit.
“The Paddington Ale House has the potential to leverage off its central location in a suburb, which has a high percentage of young families with an above average median weekly income,” Ms Mason said.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate 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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate 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.
