30/09/2014 - 11:36

Riverfront restaurant lease up for grabs

30/09/2014 - 11:36

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Riverfront restaurant lease up for grabs
The upstairs restaurant at Old Perth Port, currently occupied by Shun Fung Chinese Restaurant, has hit the market.

A prime riverfront restaurant has been placed on the market, with selling agent Colliers International expecting strong interest from Perth’s top hospitality operators.

Colliers said a 602 square metre restaurant tenancy at the Old Perth Port building was available through an expressions of interest campaign it will launch next month on behalf of the building’s owner, Old Perth Port Pty Ltd.

A 10-year lease of the venue is up for grabs, plus options, according to Colliers.

The tenancy is currently occupied by Shun Fung Chinese Restaurant, but Colliers International retail leasing executive Tim Scott said he believed it was currently underutilised.

The space provides almost 360-degree river and city views adjacent to Elizabeth Quay.

“With absolute riverfront positioning and the CBD as a backdrop, this is without a doubt one of Perth’s prime restaurant and function spaces – and with Elizabeth Quay taking shape immediately to the west, the cachet of this location will be further enhanced over the coming years,” Mr Scott said.

Mr Scott also said the venue was primed for a high-quality renovation, and anticipated strong interest from Perth’s best restaurateurs.

“A refurbishment in line with that top calibre of restaurant operator we’re looking at would elevate the space and really see it come into its own as one of Perth’s leading waterfront restaurants,” he said.

The expressions of interest campaign closes on November 8.

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