1641 Burwood Highway, Belgrave, Victoria

Leasehold $135,000

Property Description

SOLD - 1P3592H

At the base of the Dandenong Ranges is the lovely little town of Belgrave. You'll probably know it as the home of Puffing Billy. What Belgrave is also all known for is Gin Lane. A place with a fantastic local reputation that you'll only every find if you are very lucky or if someone is nice enough to take you there.

From the main road you enter through a small door, head up a corridor and then burst in to the bar. There you will find a great little cocktail bar, maybe a band playing in the corner or a DJ using turntables and those old things called records. Heading out through the rear of bar past the toilets you end up in the strangest of beer gardens. Only the fit need drink here as the wood panelled booths and seating areas all come off a steep set of steps. The whole venue is in excellent condition and has that urban hipster feel that you would normally expect in the CBD.

Gin Lane has a rare late night on premises till 7am which is available throughout the week but only really used at the weekend. The capacity is 50 which is just right for the venue. The place is the ultimate speakeasy. There is a brand new ten year lease made up of 5x5. And the best bit is that rent is less than $230 a week inc.GST. So if this broker drinks there, that is the rent covered!!

All fixtures and fittings are included in the sale. There are a set of books but as usual they do not show the whole picture and any buyer will clearly see what the opportunity is here. The vendors want to go travelling (with the profits) and are looking to sell this exclusively listed venue for $135,000 which is excellent value It suits both those wishing to have fun and get stuck in to their first venue and also those that have a day job and want a bar as a hobby for the weekend.

This venue is now UNDER OFFER.

Property Summary

Other Features / Notes

A:LEASEHOLD, B:HOTEL/BAR, C:VIC - Melbourne

Marketing Agent


Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Lloyd Nunn
CRE Brokers

Phone

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Map Location ( get directions )

1641 Burwood Highway, Belgrave, Victoria 3160

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