The Fly By Night musicians club looks set to move out of Fremantle and into an iconic Mount Lawley venue in Perth.

The club celebrated its 28th birthday on Friday night and has played host to thousands of local and international acts since opening in the mid-1980s.

It has always operated out of the Government-owned Artillery Drill Hall in Fremantle but earlier this year that lease was awarded to promoters, Sunset Events, and Fly By Night was told to vacate next year.

"We've got to be out of here the 11th of March, and our last gig is going to be late February," said club chairman Steve Wells.

Mr Wells took a 7,000-signature petition to state Parliament in August protesting against the decision.

But he said the club was close to reaching an agreement on a new home, outside of Fremantle, hinting at the heritage-listed Astor Theatre on Beaufort Street which already operates as a live music venue.

"It'll be good for everybody, good for the music industry, good for the Fly By Night club, good for our members, it's going to be a win-win situation," he said.

"It's got to come back to the board of directors and we're having a meeting next Wednesday, and we're hopeful that by late November at our annual general meeting we'll be able to make a public announcement."

Mr Wells said the group could not find another suitable venue in Fremantle.

"The offers that have been made haven't been suitable in terms of the size and the cost of the venues, and also there's been conditions attached," he said.

"The City of Fremantle, they've said they've tried to help us but we've never felt really welcome. I think the city could have done a lot to assist us to stay in this venue, at the drill hall.

"Where we're negotiating at the moment, we've been welcomed with open arms."

Mr Wells said he never thought the club would last.

"It's called the Fly By Night because we never thought it would last for 28 years but it has, and it's going strong, and it will go from strength to strength," he said.

"We'd like to stay here, there's a sense of frustration, sense of anger, sense of betrayal but it's like the phoenix rising from the ashes, with every threat there's an opportunity and we see ourselves going bigger and stronger."