Link Business

Thriving Music Venue (First Floor) and Restaurant for Sale (Ground Level) Only $495,000

Listing: #ME00127

Kristy Kolaitis

Broker | Melbourne (formerly KLEMMS)

Kristy Kolaitis

kristy.kolaitis@linkbusiness.com.au

+61 3 9819 4211

+61 421 136 415


About this Business for sale in Melbourne

Thriving Music Venue (First Floor) and Restaurant for Sale (Ground Level) Only $495,000

The offering is for two of Melbourne’s coolest secret gems occupying an old warehouse, situated in a busy laneway off Little Bourke street. Both lit by lamps and candles, each of the venues cater to a range of needs offering a cosy hideaway from the fuss and noise of the city – yet remain right in the middle of it all.

Highly attractive Melbourne CBD location.
 
Well over a century old, the heritage-listed building is all wooden floors, iron railings and firm leather couches. Downstairs, the restaurant is the perfect spot for a date, with seating around the central bar and open plan kitchen. There is additional seating on a mezzanine level with décor that matches the upstairs. The upstairs bar offers an excellent location for after-work cocktails or if you are looking for a bit more fun, it is a thriving music venue on Friday and Saturday nights. Both venues are open Tuesday to Saturday each week.
 
The two venues come under one lease. Both venues have an on premises licence until 1am. Upstairs has a capacity of 100 and the restaurant can seat 49. There is sixteen years left on the lease made up of 1+3+3+3+3+3 with a combined rent coming in at $2200 (incl. GST). Both venues are in excellent condition and ready to go with an extensive fixtures and fittings list.
 
For more information contact Kristy Kolaitis from LINK Melbourne (formerly Klemms) on 0421 136 415

Melbourne (formerly KLEMMS)
kristy.kolaitis@linkbusiness.com.au
+61 3 9819 4211
+61 421 136 415

Kristy Kolaitis

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.