The head lease of Archive Beer Boutique, a pioneer in the craft beer market in Brisbane, has been put up for sale. Aushotel Group has appointed CBRE to steer the deal of this landmark West End pub.
This is an opportunity for a new operator to make a mark in the ever-evolving craft beer market for the long term. The sale comes with a full, commercial late-trading liquor licence and the chance to build three bottle shops within 10 kilometres of the site.
Archive Beer Boutique is on Boundary Street and has thrived in this premier location for more than a decade. CBRE’s Paul Fraser said that the pub’s location, size and scale, and long tenure could easily generate interest from investors. The pub sits opposite West Village, which is undergoing urban renewal.
The pub also enjoys a loyal following, even amidst a global crisis, and the hospitality industry has to adjust and adapt to the new normal. Fraser said that the vendor of the property has been looking to enjoy semi-retirement and offload his assets as the hospitality sector bounces back from COVID-19.
Aushotel Group’s managing director, Jim Davies, said that Archive continues to be a “volume driver for many craft brands” even as different craft brews have been setting shop in Brisbane.
Archive Beer Boutique spans 1,419 square metres and was recently renovated with a main restaurant on the ground floor and a Loft Bar for functions and evens on the second floor.