The future of one of Brisbane’s most successful music venues is uncertain with a recent sale listing earmarking the site for developers.
The listing for the Tivoli Theatre at 52 Costin Street, Fortitude Valley, says the property offers a “prime inner city development” for buyers.
“Exceptional 2160sqm development opportunity (STCA) with potential city views,” it reads. “Benefit from Brisbane’s booming inner city apartment market.”
The interior of the Tivoli Theatre. Photo: Supplied
It is not the first time the property has been listed for sale, but its owners have recently widened its scope to an expressions of interest campaign.
The live music venue has gigs booked until September, including The Rubens, Sarah Blasko, Sticky Fingers and City and Colour, some of which are already sell-outs.
Colliers marketing agent Hunter Higgins was reluctant to comment but did confirm that the owner hoped the music venue could continue to operate after its sale.
“We are entertaining all expressions of interest,” Mr Higgins said.
The Tivoli Theatre is on 2160 square metres. Photo: Supplied
Agents have not specified a price range. During its 2013 sales campaign, there was a price expectation reported at $10 million.
The site was last sold in 1999 for $1.65 million.
The cut-off for the campaign is 4pm, March 10.
The site underwent extensive refurbishment in the 1990s and sits on 2160 square metres of floor space.
The Tivoli is owned by the O’Rourke family, who also own a golf course in Tamworth.