The Alexander Bar & Bistro in Perth’s northern suburb of Ballajura has been placed on the market.
Chloe Mason of JLL Hotels & Hospitality Group has been exclusively appointed to lead the Expressions of Interest campaign with the freehold going concern interest on offer or the opportunity to take on the leasehold interest of the business and enter a long-term lease.
The tavern occupies an enormous 4,659sqm landholding along Alexander Drive, which benefits from a four-lane traffic flow and enjoys the favourable General Commercial Zoning, providing the potential for future development or alternate uses if desired.
The Alexander Bar & Bistro, which comprises a bistro, sports/TAB bar, beer garden, children’s playground, and drive-through bottle shop, services a 18,700-strong catchment primarily made up of young families and is strategically positioned directly adjacent to the Market Place Ballajura IGA.
Having undergone a refurbishment during the shutdown in 2020, the current owners significantly renovated the beer garden with a new pergola and café blinds to ensure all-year-round usage and protection from the elements resulting in stronger patronage and a positive uplift in profitability.
JLL’s Chloe Mason said: “Presently, there is a demand for suburban hospitality venues, and if our most recent campaign of the Bayswater Hotel, which garnered over 120 enquiries and 8 formal bids is anything to go by, this local haunt will certainly gain a significant amount of interest given the flexible sale option and its desirable location amongst residential.
“The Alexander Bar & Bistro is a well laid out, efficient operation with a consistent weekly turnover. This pub is a great entry-level operation for a new entrant to the hospitality sector or it could easily be plugged into an existing portfolio with minimal management required.”
The Alexander Bar & Bistro is being offered for sale via Expressions of Interest. Further information about the EOI process can be obtained from JLL Hotels & Hospitality.