With a high energy profile and prime location within a heritage building, the Newport Hotel is a popular Fremantle live music venue with diverse income streams. For sale by Phil Hayes of Caporn Young Fremantle.
Located on Fremantle's iconic Cappuccino Strip, the Newport Hotel is a top live music and entertainment venue, licensed for over 700 patrons inside, plus an additional 30 persons on its South Terrace. Available through Expressions of Interest, this high exposure leasehold offering includes options to extend the lease through to 2040.
Broker Phil Hayes told WILLIAMS MEDIA, “The Newport represents a great opportunity for new buyers to capitalise on the investment of our sellers in the fit out and fabric of the pub and business at a time when the Fremantle narrative is starting to change with a huge amount of both private and public investments in significant local developments.”
This area of Fremantle is experiencing significant change via urban revitalisation and commercial re-development. The Newport Hotel is close to Fremantle's town centre, where the Kings Square cultural and civic precinct redevelopment is set to inject $358m into the local economy, creating over 2,000 jobs and bringing more workers into the city centre, with substantial uplift for the entire Fremantle region.
Source: Caporn Young Fremantle
With a prominent, high foot traffic position on the South Terrace cafe and retail strip, the Newport Hotel trades across diverse income streams, including bar-takings, food, functions and bottle shop. Operating seven days a week, the business has a Tavern Licence with extended permits until 1am for Friday and Saturday nights. Established marketing channels include Facebook (34k followers) and the Newport Hotel's website, where online booking functions have been enabled.
The business is laid out within a double-storey heritage building, covering approx. 1,317sqm, including five uniquely themed bars, bottle shop, band room, courtyard, footpath alfresco, lounge rooms and balcony, with dual street access to Paddy Troy Mall at the rear. Well equipped with plant, property and equipment, recent upgrades include a fully equipped commercial kitchen less than four years old and new state-of-the-art reticulation lines to the bars.
See more of this Fremantle WA business, including additional photos, on The Business Page.
To arrange a private inspection or enquire about a price guide phone or email Phil Hayes of Caporn Young Fremantle via this link.
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