359 Bay Street, Port Melbourne, Victoria

Leasehold $75,000

Property Description

Frida's Cocktail & Cerveza - 1P3731

Heading down Bay Street in Port Melbourne on the way to the bay funnily enough you'll come across Frida's. A delightful little cocktail bar , described as a hidden gem amongst some of the great reviews that you'll read about and has rapidly become the go to place in Port Melbourne for an outstanding cocktail.

When looking for the venue walk slowly as you may miss the place. The frontage only has room for one table and two chairs for those determined to see who is in the area. But for privacy there is a enclosed courtyard at the rear of the venue with a great ambiance for sipping cocktails al fresco. As you head in side there is one main room with individual seating and looking down on the room is the bar area. Off to the rear of the venue is a small commercial kitchen. Upstairs there are a couple of rooms used for storage and an office.

Rent is only $720 a week including GST so you do not have to sell too many Espresso Martinis to cover that and there is six years left on the lease made up of 3x3. An unusual aspect is that the venue has a general licence with on premises until 1am and off premises till 11pm with a capacity inside of 49. All fixtures and fittings are included in the sale and because the venue has undergone recent refurbishment it is in excellent condition.

At the moment Fridas is only open on a Friday and Saturday and so there is plenty of scope to expand. The venue suits an owner operator that wants to run their first business and perhaps still has another job. Everything has already been done with the venue , there are no books and so the owners are looking for a quick walk in walk out sale and only asking for offers in the region of $75,000 for this exclusively listed venue.

Property Summary

Other Features / Notes

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

Marketing Agent


Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Lloyd Nunn
CRE Brokers

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Map Location ( get directions )

359 Bay Street, Port Melbourne, Victoria 3207

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