Want To Buy Brisbane’s The Beat Megaclub?

Brisbane’s The Beat Megaclub went under the hammer yesterday (27 November) and remains listed for sale.

The live music institution is one of Australia’s longest-running LGBTQIA+ venues and is known as a go-to late-night spot in the Fortitude Valley. Located at 669-683 Ann Street, spanning over 1,600 m² and three street frontages, the space recently celebrated its 43rd birthday and has operated at the same site since 1982.

The two-level entertainment complex delivers a secure annual income of over $1.07 million, which is paid monthly. Savills, the selling agent, points to the venue’s monthly cash flow, cultural heritage, and long-term planning potential, describing it as a standout space for sale.

Commercial Real Estate notes that The Beat Megaclub will be sold with the tenancy in place, while the underlying site will offer “flexibility” for potential developers. The venue’s tenant has operated the space for 41 years.

Robert Dunne, Director of Commercial Sales at Savills Australia and New Zealand, said of the sale opportunity, “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.”

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.”

Brisbane Lord Mayor Adrian Schrinner said, “Fortitude Valley is already close to transport, jobs and entertainment, and with major Brisbane [Olympic] 2032 venues nearby, it’s the right place to welcome more people to live near where they work and play.

“This new plan will unlock new housing, boost entertainment options and further activate one of our most vibrant inner-city precincts.”

The Beat Megaclub hosts nightly events, such as Bingo Wednesday, Thursday Jelly Wrestling, and Friday Night Party, plus Spotlight Sundays – which provide an open stage for Brisbane’s drag stars – as well as Saturday Night Party. The venue is also advertising Circus New Year’s Eve, a massive 12-hour party to ring in the New Year.