LocalsCo buys Mount Henry Tavern in Como for $14 million
The freehold at 176 Lockhart Street was marketed for a possible 15-level mixed-use project inside the Canning Bridge Activity Centre precinct.
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Mount Henry Tavern in Como has sold to Western Australian hospitality operator LocalsCo for $14 million, according to Real Estate Source and Business News. Business News says the tavern has changed hands for the second time in 12 months, with operator Golden Hotels selling.
Why it matters
The price covers the freehold of the site at 176 Lockhart Street. Real Estate Source says the associated business traded for an undisclosed price. It reports the site has four street frontages and sits in the Canning Bridge Activity Centre precinct, which covers parts of Como and adjoining suburbs.
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The report adds that the property was marketed for its development upside, with a 2023 campaign promoting a potential 15-level mixed-use project. Nothing in the sources says LocalsCo has lodged or plans any redevelopment, so that remains a marketing claim rather than a proposal.
The numbers
Real Estate Source says it is the eighth Western Australian asset for LocalsCo. The site was offered by the Mewett family, which had held it since 1991, and Golden Hotels took over the tavern’s operation in 2013, the report says. Como is about six kilometres south of the Perth CBD.
What’s next
Neither source says what LocalsCo will do with the tavern. Watch for any change to the venue’s operation or any planning approach for the site.
Quick answers
Who bought Mount Henry Tavern in Como, and for how much?
WA operator LocalsCo has bought the Mount Henry Tavern freehold in Como for $14 million from Golden Hotels, its eighth Western Australian asset.
Which companies are named in the Mount Henry Tavern story?
LocalsCo and Golden Hotels are named in this story, which cites Real Estate Source and Business News.
What are the key numbers for Mount Henry Tavern?
freehold price: $14 million; WA asset for LocalsCo: 8th; mixed-use scheme marketed in 2023: 15 levels.
Sources
Also reported by
- Real Estate SourceLocalsCo snaps up another Perth pub
- Business NewsComo's Mount Henry Tavern sold for $14m to LocalsCo
Filed by the AusDev Perth Desk. How we report.