Belgian Beer Cafe at Melbourne's Eureka Tower for saleThe Belgian Beer Cafe at Eureka Tower, Melbourne. Photo: Colliers

Belgian Beer Cafe at Melbourne's Eureka Tower for sale

The popular Belgian Beer Cafe site at the base of Melbourne’s tallest building is for sale.

Expressions of interest for the Eureka Tower property close on December 2, with both offshore and domestic parties tipped to be keen to snap up the retail investment.

Colliers International’s Daniel Wolman and Oliver Hay are selling the property at 3-7 Riverside Quay, Southbank.

“The appetite for strata is extremely strong, from both offshore and domestic investors,” Mr Wolman said.  “We expect this strong demand for high-quality strata investments to continue into 2016, driven by low interest rates and limited stock.

“We have a huge influx of purchasers looking to put money in prime CBD property and, with limited stock, competition will only increase. Properties in prime locations with secure tenants will be particularly sought after.”

The site benefits from the high foot traffic in the area, with more than 19 million local and international visitors each year to the Crown Casino entertainment precinct.

Belgian Beer Cafe, Southbank. Photo: Colliers Belgian Beer Cafe, Southbank. Photo: Colliers

The property comprises retail space including a fully equipped commercial bar and kitchen.

The location, opposite the Southgate Complex and River Promenade and just a few minutes’ walk to the CBD, is handy to some of Melbourne’s best shopping, restaurants, hotel facilities, car parking and cafes.

It is close to the arts precinct, including the Arts Centre and National Gallery of Victoria, as well as the Botanic Gardens, Flinders Street Station and Federation Square.

The Belgian concept cafe is considered a trophy retail investment. Photo: Colliers The Belgian concept cafe is considered a trophy retail investment. Photo: Colliers

Mr Wolman said record low interest rates and the Australian dollar were contributing to increased demand for Melbourne CBD strata retail investments.

“Year to date, we have seen very high levels of demand in the market for well positioned strata retail space and, as we head into the always busy last quarter, we expect a big finish to the year in this space,” he said.

The first Belgian Beer Cafe opened in Amsterdam in 1998. The concept cafe is now in locations across Europe, Asia, North America and Australia.

The Belgian Beer Cafe at Eureka Tower, Melbourne. Photo: Colliers The Belgian Beer Cafe at Eureka Tower, Melbourne. Photo: Colliers

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