melbourne@linkbusiness.com.au      + (61) 3 9819 4211

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Long Standing Iconic Bar and Restaurant in an Affluent Location $1,300,000 (16584)

$1,300,000

Long Standing Iconic Bar and Restaurant in an Affluent Location $1,300,000 (16584)

Reputable name within the hospitality industry

Perfectly positioned in one of Melbourne's most affluent seaside suburbs, this long-standing restaurant and bar have been the go-to destination for locals and tourists alike for many years, known for their fresh, high-quality meals, classic pub grub, and their extensive beverage list, importing beer and wine from local breweries and worldwide. The business' long history is hinted at by the beautiful iconic heritage façade, however recent refurbishments have created an interior that feels modern whilst also simultaneously providing the warmth and familiarity of a local pub. The immaculately fitted premises showcases a modern main bar area that provides seating for 160, a raised deck and outdoor bar with a retractable roof which is the perfect location to watch live sport and listen to live music, and serval function spaces for hire, both indoors and outdoors.

The main road location provides excellent street exposure and easy accessibility for patrons with plenty of parking in the area and also ensures that there's never a shortage of customers.

Key features include:

*Taking $66,000 per week
*Open 6 days per week
*10+10+10 Year lease
*Reputable name within the hospitality industry
*Recently renovated interior
*Prime sought after seaside location
*Local go to destination, also hugely popular among tourists
*Endless potential to increase profits
*Large function place, pre-booked till Feb 2023

For more information please contact John Zhang from LINK on the below:
Phone: 0419 366 236
Email: john.zhang@linkbusiness.com.au

Business Snapshot

Price: $1,300,000 Takings: $66,000 p/w

Listing ID: 16584

Overview

  • Listing ID 16584
  • Status For Sale
  • Location PARKDALE
  • State Victoria
  • Price $1,300,000

BROKER CONTACT

John Zhang
  Contact Us
  LINK Business Melbourne

Suite G.02, Ground Level, 1-11 Gordon Street
Cremorne, VIC 3121

Tel : + (61) 3 9819 4211
Mail : email enquiry
Business Hours : M-F 9:00 - 5:00