Fox Friday Brewer Moves to Richmond
Gorman Commercial’s Tom Maule and Andrew Prowse leased the 1,350 sqm warehouse/showroom at 148-150 Murphy Street, Richmond to Fox Friday Brewer, a microbrewery for retail and production company. Excellent enquiry was received with a starting rent of $320,000 pa net on a 10 year lease negotiated. “Rental rates for quality inner-city suburban industrial properties have skyrocketed. These factories were once achieving $130 – $140 per square metre, whereas the rental rate achieved for this building is essentially double that now. The craft beer industry is one of Australia’s most rapidly growing liquor businesses and the tenant, Fox Friday, has been looking to expand and put their mark on Melbourne. With Murphy Street, they saw an opportunity to capitalise on this exceptional building and were drawn to the mix of surrounding businesses, such as coffee roasters, distilleries, cafes as well as residents, which will compliment their business within this once light industrial precinct of Richmond”, said Tom Maule.