Food, Beverage & Hospitality business for sale in Footscray
- Food, Beverage & Hospitality
- 101d Nicholson Street Footscray VIC 3011
- Leasehold $115,000
A New Development - 1P4212
It is not often that you get the chance to create a new venue. Normally you have to take over what is there or adapt the venue to what you want it to be. Now there is a development in Footscray where you really can build your own place.
As you would be aware the gentrification is in full effect in Footscray and the CBD's population is expected to quadruple within 2 years with a huge number of development sites underway on the outskirts. This new development called Chambers District off Nicholson Mall in the centre of Footscray one of only three Malls in Melbourne with all its associated foot traffic. The development has its own social media and website (chambersdistrict.com) to help promote the business and already has a series of events scheduled in Madden Square to the rear of the venue which will draw even more people to the area.
All the planning has been done and confirmed with the Council the aim being that part of the existing roof is to be removed, creating a rooftop space at the eastern end of the building facing Madden Square. A significant internal fitout and upgrade will modernise the space to provide for a contemporary indoor/outdoor venue with a possible 'garden' theme incorporating courtyard conservatory, green walls and planter boxes. Facilities include provision for patron seating, a bar service counter, toilets and amenities. It is intended that an operable glazed partition between the indoor / outdoor areas will separate the two spaces as required, to suit noise and amenity requirements, as well as weather conditions. Downstairs there is a separate room that will house the cool room, beer system and storage.
The venue has a planning permit as a tavern which means you do not need kitchen, unless that is you want to. It also comes with a large capacity of 170 until 1am. The license will be applied for once the build begins. Rent is only $1310 a week and a lease of 28 years is being offered the composition of which can be negotiated adn four months rent free is also being given.
All the fixtures and fittings needed to open the bar are included, such as Beer System / Cool Room / CCTV 16 HD Cameras & DVR / Sound System / HD Projector / 6 door under bar fridge / All Barware (Ice Wells / Speed Rails / Drip Trays / All glassware / Glass Washer / Ice Machine - Over 90k worth.
Understanding the cost of the development but also realising the huge potential of the place the vendor is asking for offers in the region of $115,000.
|Floor Area||Ask Business Broker|
|Parking||Ask Business Broker|
|Annual return||Ask Business Broker|
|Last updated||3 Dec 2018|
U4/10 Lakewood Boulevard Carrum Downs VIC 3201