Commercial: Office / Retail
Residential: Apartment Sites
THE VIC HOTEL - A BLANK CANVAS
CBRE Hotels is pleased to present for sale by Expressions of Interest The Vic Hotel Subiaco as a blank canvass.
Strategically located 2.5km* west of the Perth CBD, this long standing pub of over 120 years is ready to be revitalised and reborn to serve its next generation of pub patrons. This venue is ultimately secured by a substantial underlying landing holding of close to 2,000 sqm, with future commercial and residential development potential.
In mid-2019 the freehold owners reactivated the premises, updated the kitchen equipment and created renewed interest in the venue with the addition of the Rocky Ridge Brewing Bar. The Vic Hotel offers an incoming purchaser a well fitted out hotel with the ability to leverage its significant trading history over many years. Now is the ideal time for a new owner / operator to reposition and reopen the venue as Subiaco goes through substantial revitalisation and gentrification with the likes of the Subi East and One Subiaco developments.
The Vic Hotel is being offered as is where is (including business names, remaining furniture and equipment), ready for the next owner to reposition as they see fit, or potentially consider a more immediate redevelopment of the site.
Key Investment considerations include;
• Vacant Possession – A true blank canvas
• Large underlying land area of 1,982sqm*
• 621 person liquor licence
• Proven trader and previously known as one of Perth’s best pubs.
• 54 onsite parking bays in a rear decked car park
• Development potential with a Commercial / Residential Zoning.
The Vic Hotel is for sale via Expressions of Interest closing Thursday 13th August 2020 at 5.00pm (AWST)
Remember to mention you found this property on DevelopmentReady.com.au