A popular tavern in Perth’s northern beachside suburb of Two Rocks has been listed for sale by CBRE Hotels.
Overlooking Two Rocks Marina, the tavern @ the rocks is a family-owned and operated venue, comprising a large TAB area, function room, terrace, restaurant dining, lounge bar, beer garden and public bar.
It is positioned on a 2,864sqm site and adjoins the local shopping centre, which is anchored by an IGA and several speciality retailers.
CBRE’s Ryan McGinnity and Chloe Mason have been appointed to sell the venue and are seeking a price of $2.5 million, which includes the land and all business assets.
Mr McGinnity said the venue’s location in Perth’s growing northern corridor would position it favourably in the market.
“The tavern @ the rocks is located in close proximity to large residential estates at Eglinton, Yanchep and Alkimos. With recent commitments from the government to extend the freeway and rail to Yanchep, Two Rocks and surrounding suburbs are expected to be among the fastest growing residential areas in Perth. The tavern @ the rocks can only benefit from this growing catchment,” Mr McGinnity said.
Ms Mason said the sale represented a unique opportunity to acquire a large metropolitan tavern with a licence of close to 1,000 persons.
“The tavern @ the rocks represents an attractive opportunity for a new entrant into the market to acquire an established business on a large site with longer term redevelopment potential as residential or commercial,” Ms Mason added.
Overlooking Two Rocks Marina, the tavern @ the rocks is a family-owned and operated venue, comprising a large TAB area, function room, terrace, restaurant dining, lounge bar, beer garden and public bar.
It is positioned on a 2,864sqm site and adjoins the local shopping centre, which is anchored by an IGA and several speciality retailers.
CBRE’s Ryan McGinnity and Chloe Mason have been appointed to sell the venue and are seeking a price of $2.5 million, which includes the land and all business assets.
Mr McGinnity said the venue’s location in Perth’s growing northern corridor would position it favourably in the market.
“The tavern @ the rocks is located in close proximity to large residential estates at Eglinton, Yanchep and Alkimos. With recent commitments from the government to extend the freeway and rail to Yanchep, Two Rocks and surrounding suburbs are expected to be among the fastest growing residential areas in Perth. The tavern @ the rocks can only benefit from this growing catchment,” Mr McGinnity said.
Ms Mason said the sale represented a unique opportunity to acquire a large metropolitan tavern with a licence of close to 1,000 persons.
“The tavern @ the rocks represents an attractive opportunity for a new entrant into the market to acquire an established business on a large site with longer term redevelopment potential as residential or commercial,” Ms Mason added.
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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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
