23 Cale Street, Midland WA

KEY INVESTMENT HIGHLIGHTS INCLUDE:

• Landmark Hospitality Asset: Acquire a piece of Midland's history with the iconic Principal Bar & Restaurant, a cornerstone of the local dining scene for decades.
• Turnkey Operation: Walk into a fully equipped, operational business with an established customer base and reputation for excellence.
• Prime Corner Location: Commanding presence on a generous 962 sqm site at the heart of Midland's burgeoning hospitality precinct, ensuring high visibility and foot traffic.
• Expansive Trading Platform: Boasting approximately 470 sqm of ground floor space, 145 sqm basement back-of-house area, and 160 sqm of outdoor courtyards, currently accommodating a maximum of 445 patrons.
• Very Limited Competition: Secure a premier Midland pub offering, with the only competition within the city centre being The Commercial Bar and Kitchen and The 7th Ave Bar & Restaurant.
• Value-Add Opportunities: Potential to work with the existing robust framework to further enhance the business through a curated approach, managerial innovations and new targeted marketing initiatives.
• Metronet East Growth Catalyst: Positioned to capitalise on the imminent Metronet East redevelopment, promising increased foot traffic via the new Midland Station.
• Strategic Proximity: Ideally located near major destinations including the adjacent Midland Gate Shopping Centre, St John of God Midland health campus, and numerous government offices, short-stay accommodation, educational and community facilities.
• Robust Local Economy: Benefit from Midland's status as a Strategic Metropolitan Centre, with ongoing government and private sector investment driving future economic growth.
• Heritage Cachet: Part of the State-listed Old Midland Junction School Heritage Area, offering unparalleled character in a sea of modern developments. 

The Principal Bar & Restaurant is offered for sale by Expressions of Interest closing Wednesday 18 June 2025 at 2pm (AWST).