Iconic and nationally renowned Brisbane entertainment and function venue “The Tivoli‟ is being offered for sale via auction by Ray White Hotels Australia.
The premier venue at 48-52 Costin Street, Fortitude Valley, which has featured leading Australian artists and international performers such as Katy Perry & Lilly Allen, is being marketed by Leon Alaban and Sean Dollar of Ray White Hotels Australia. Mr Alaban, Ray White Hotels Australia Director of Investment Sales Queensland,
said owners the O‟Rourke family have decided to sell the Tivoli as a freehold going concern.
“The O‟Rourke family have decided to divest the Tivoli as it forms part of a family trust and is therefore being sold to dissolve the trust and pay out the beneficiaries,” he said.
Mr Alaban said the Tivoli was located in one of Brisbane‟s key growth areas, adjoining the $2.9 billion redevelopment of the RNA Showgrounds on the northern fringe of Fortitude Valley.
“The showgrounds precinct is set to be transformed into a lifestyle and cultural hub for the community which will have enormous economic and infrastructure benefits to Brisbane and the immediate surrounding areas,” he said.
Mr Dollar, Ray White Hotels Australia‟s Director of Sales and Business Development, said the Tivoli was originally built almost a century ago as a bakery and was subsequently restored and converted into an art deco style licenced cabaret theatre.
“The venue presents immaculately and has an enviable reputation throughout the entertainment industry,” he said.
“The art deco style auditorium with mezzanine holds 1,500 standing or 700 seated patrons. The Tivoli also features a reception and foyer, a main bar, lower bar, ezzanine bar, artists lounge, kitchen and designated outdoor smoking area.”
The venue, which occupies a site area of approximately 2,160 sqm, is licenced to operate from 10am to 2am, Monday to Sunday.
The Tivoli will be auctioned on-site at 11am on Wednesday, July 18, 2012.
For more information:
Mb: 0422 011 455
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