The owner of the Leederville Hotel, FJM Property is stepping back as operator of the popular venue after 20 years and looking for a new tenant to run one of Perth's biggest inner-city pubs.
JLL's Hotels and Hospitality Group has been appointed to sell the leasehold interest at The Leederville Hotel and The Garden and is expecting a strong national response from publicans.
"The owners have been operating the hotel but are looking at moving out of the operations side and have approached us to find a new tenant," Aaron Desange, senior vice-president, JLL Hotels and Hospitality Group, said.
"There are not a lot of opportunities like this and most local publicans and national groups will have a look . . . I imagine it will be hotly contested."
The Leederville Hotel and The Garden operate under one liquor license and occupy a 5367sqm site on Newcastle Street in the centre of Leederville's retail strip.
A 20-year lease is expected to be granted to the new operator.
Mr Desagne said the venue was well-located and could draw on a number of revenue streams.
"Within The Garden and the Leederville Hotel there are seven or eight bars including several that haven't been open for some time," he said.
Mr Desagne said an incoming tenant had an opportunity to reposition the Leederville Hotel and keep The Garden as it is.
"The hotel is ideally placed to be elevated into an even larger business under new, refreshed operator guidance," he said.
John Musca, national director, JLL Hotels and Hospitality Group, said residential infill at city-fringe precincts meant big format, integrated hospitality opportunities, such as The Leederville and The Garden, were highly sought after. Expressions of interest close on June 26.