401 Little Bourke Street, Melbourne, Victoria

Leasehold $195,000

Property Description

SOLD - 1P2734H

You’ll find the venue by heading up the hill on Little Bourke Street and it is on the left just before Queen Street in the CBD. The Apartment was designed to be an extremely versatile venue, encompassing several different spaces within the venue that are semi-separated and with no fixed furniture, meaning any configuration can be achieved for events from cocktail parties of 300 to private dinners for ten. Plush couches and sheer curtains in warm earth tones set the perfect backdrop, complete with designer wallpaper, fabulous decor and designer fittings have this venue in excellent condition.

The Apartment is a restaurant by day and a groovy club lounge by night, with a dining room, communal tables, large boothed areas, lounge, balcony and terrace. There is a well equipped commercial kitchen at the rear of the venue with its own off street entrance. Two large bars are either side of the main room and can cater for many patrons simultaneously.

The Apartment has an on premises licence until 1am with a capacity of 300. However, the planning permit does allow trading till 3am so a variation can be applied for. There are no security restrictions. There are fifteen years left on the lease made up of 5x5x5 with rent including GST of $3000 a week. All fixtures and fittings are included in the sale.

The Apartment has a considerable number of forward bookings and is already looking great for Christmas. It can be run completely under management as it has done so in the past or with owner operators as it is now. Nothing really needs to be done to the venue and there is guaranteed revenue already secured for the coming months. The vendors have set the purchase price at $195,000 (PRICE REDUCTION) for this exclusively listed venue.

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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401 Little Bourke Street, Melbourne, Victoria 3000

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