Located at 669, 671 & 679 Ann Street, Fortitude Valley, Brisbane City, the property occupies a prominent 1,219sqm freehold parcel of land with three-street frontage, delivering exceptional exposure to Ann Street, one of Brisbane’s key inner-city thoroughfares linking the CBD to Brisbane Airport. The existing two-level entertainment complex spans 1,390sqm of internal lettable area, fully leased to The Beat Megaclub, which has been a cornerstone of Brisbane’s nightlife and a safe space for the LGBTIQ+ community for more than four decades.
The venue, which recently celebrated its 43rd birthday, has operated from the same site since its establishment in 1982, making this a rare opportunity to secure a landmark investment in the heart of Fortitude Valley.

The investment offers secure annual income of $1,079,033 p.a. paid monthly, underpinned by a long-standing tenant with a proven track record. Market expectations indicate a 7% return, providing investors with immediate income certainty. Beyond its strong fundamentals, the property’s underlying planning parameters unlock significant future upside, with outstanding long-term repositioning or redevelopment potential to 30 storeys subject to Council approval.

Robert Dunne, Director of Commercial Sales at Savills Australia and New Zealand, said, “The Beat Megaclub represents an exceptional opportunity to acquire a blue-chip entertainment investment with strong income security and substantial future upside. Its long-standing operation and prime location in one of Brisbane’s most dynamic inner-city precincts make it a compelling proposition for investors and developers alike.”

Positioned in the Ann Street entertainment and commercial precinct, the site is just a short walk from the Brisbane CBD, Brunswick Street Mall, James Street, and Valley Metro train station. This connectivity, combined with the precinct’s ongoing transformation, reinforces the property’s long-term appeal for investors and developers seeking both income security and redevelopment potential.

Josh Baker, Associate Director of Commercial Sales at Savills Australia and New Zealand, added, “Fortitude Valley is undergoing a major transformation, with the site surrounded by major residential, retail, and mixed-use developments. The Beat Megaclub site offers unmatched exposure to Ann Street and the flexibility to capitalise on planning parameters that support high-density development. This is a rare chance to secure a strategic landholding with both immediate income and long-term growth potential.”

The property will be offered for sale by Public Auction on Thursday, 27 November 2025 at 11:00am (AEST) at Savills office, Level 33 Riverside, 123 Eagle Street, Brisbane.

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