- Currently owned by Aushotel Group
- CBRE Hotels have been appointed to steer the sale
- Site is seen as a 'pioneer' in the local craft beer market
Archive Beer Boutique, located in Brisbane’s West End along Boundary Street, has been listed for sale.
Queensland’s Aushotel Group has appointed CBRE Hotels National Pubs Director Paul Fraser to brew the sale, with Mr Fraser noting Archive has been a craft beer pioneer in the Queensland market.
“The decision ten years ago to launch Archive as a pure craft beer offering was courageous but it has been instrumental in differentiating this asset in the marketplace.”
Paul Fraser, CBRE
The property is located across the billion-dollar West Village precinct that is currently under construction, as part of an ongoing urban renewal project across Brisbane’s West End.
The building is two levels that have recently renovated which span 1,419sqm which includes the main food and beverage operation along with a function-based Loft Bar.
Additionally, the asset comes with a commercial trading liquor licence until 2 am.
“This location, combined with the asset’s size, scale and long tenure, presents a compelling opportunity and we believe the sale campaign will generate considerable buyer interest,”
“The sale provides the opportunity for an incoming operator to tap into the continued evolution of the city’s craft beer market via a long-term, 31-year head lease over a building situated on one of Brisbane’s fastest-growing suburbs.”
Jim Davies, Aushotel’s Managing Director, said that Archive was Brisbane’s first and largest craft beer bar, which he believes continues to stand the test of time.
“Many of our great craft brews have all had their start and gained exposure and volume through Archive. Archive is still a significant volume driver for many craft brands on the market and has never poured a “mainstream’ beer on tap.”
Jim Davies, Aushotel
The Expression of Interests campaign is open now with a scheduled closing date of 27 May unless sold prior.