The Fortitude Valley buildings housing The Beat Megaclub are on the market with the owners hoping for around a $20 million sale price.
The Beat began in the early 1980s as the Cockatoo Club, originally owned by Valley identity Tony Bellino. The club consisted of one room with the only notable decor a waterfall that never worked at the end of the bar. Ownership later transferred to Tony’s brother Geri in partnership with Vic Conte. The new owners renamed the club The Beat. The Bellino brothers and Vic Conte were well-known figures in the Valley nightlife. All three consequently came to the attention of the late 80s Fitzgerald Inquiry into organised Crime. Geri Bellino and Vic Conte both served jail time in the aftermath.
John Hanny, a former Valley identity, then took control of the club. Hannay left Brisbane after the 1973 firebombing of the Whiskey Au Go Go nightclub which he previously managed. Following a few years in North Queensland, he re-emerged on the Valley nightlife scene in the late 80s.
Hannay expanded the club from the initial one room to eventually boast eight bars, five nightclubs and three beer gardens.
The Beat Megaclub buildings
The buildings that now comprise The Beat Megaclub were built in 1924-25 for businessman Robert Finley. He ran a sheet metal, water and gas fitting business from the 683 Ann Street premises.
He rented the other shops at 679 and 681 Ann Street to a hairdresser, tobacconist and leather merchant. The laneway beside the shops allowed access to Finlay’s workshop out the back.
For many years, the building nearest the laneway housed Lucky’s Trattoria, a famous and much loved late-night eatery.
The Beat Megaclub sale
The sales pitch for the buildings describes the three-titled property as “a rare investment and future development opportunity.”
The club currently pays rent of $836,000 per annum.
Chris McLeod of Your Commercial who is marketing the property said, “It’s an investment but there is a long-term upside and it could be a development site down the track.
“But there’s a long-term tenant there so why wouldn’t you keep it going.”
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