- Five-year deal for the 450sqm will yield $100k per annum
- Near Hawthorn's busy Glenferrie Road
- 50% of retail leasing enquiries in Melbourne are for food & beverage operators
Ramblers Ale Works has leased the building at 96 Riverside Road in what is set to become the first brewhouse for Hawthorn.
The five-year deal for the 450sqm site was negotiated by Fitzroys on behalf of a private investor. The deal is worth $100,000 yield per annum.
The new brewery is set to be opened this year and will serve craft beer brewed on-site along with a range of bar food.
Additionally, the 16-metre frontage near the busy Glenferrie Road corner presents excellent signage opportunities.
The building itself was originally a mechanics before being repurposed as a furniture and homewares store, along with being a café. However, the building has retained its red brick walls, concrete floors and skylights.
Tom Fisher, Fitzroys Agency Manager, said these characteristics provided a perfect match for the new brewer.
“High ceilings and a large building and site footprint allowed Ramblers Ale Works to accommodate their brewing system infrastructure, coolroom, and both indoor and outdoor space for patrons.”
Tom Fisher, Fitzroys
Mr Fisher added the operators of Ramblers Ale Works had been looking for an appropriate site around the Hawthorn area for some time and in particular had recognised demand for a local craft beer venue.
“Craft beer bar and breweries are more typically associated with Melbourne’s city fringe.
The established and growing catchment of Hawthorn and the inner-east already has a number of high-quality hospitality offerings across its retail strips, but the evolution of the area has seen demand grow for new and unique offerings like this.”
According to Mr Fisher, the demand for Hawthorn’s commercial market has grown thanks to businesses seeking highly accessible locations with strong hospitality and lifestyle offerings – especially given the increase in those working from home.
Hospitality operators continue to dominate retail leasing enquiries in Melbourne, according to Fitzroys, with 50% of such leases currently going to food and beverage operators.
“Thriving local retail strips such as Glenferrie Road, Hawthorn have been a drawcard for businesses and residents looking for local lifestyle amenity, and the new brewhouse will only add to that attraction.”