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Food, Beverage & Hospitality business for sale in Preston

  • Food, Beverage & Hospitality
  • Preston VIC 3072
  • Contact Agent

High Quality Licensed Restaurant/café/bar, Northern Suburbs

Phone enquiries - please quote property ID 19922

This prime trading site in a highly sought-after location in Preston close to Reservoir in an up and coming area with nearby multi-storey developments and townhouse constructions in progress. The tram literally stops out the front!

It has enjoyed huge success and is particularly frequented by locals for its quality food across breakfast, lunch and dinner (operating 6 days), an impressive craft beer selection (12 taps), and an extensive wine list. Includes all fixtures, fittings, and facilities, and name. Currently managed and fully staffed with a sales turnover exceeding $100K per month and regularly conducts weddings and other functions (both large and small) with deposits into 2019, and extensive capacity to grow further.

With official capacity for 150 patrons including an outdoor beer garden, this is a prestigious venue with strong presence and branding within the area and industry alike. The fit-out is exquisite and architecturally beautiful, with artwork, indoor plants, and high ceilings giving the venue a relaxed and sophisticated atmosphere. The pool table area features a fireplace and custom-made booths. The beer garden is extensively planted, low maintenance, and includes a feature with two centralised bottle trees and built-in seating.

The site comprises a gross internal area of approximately 390 sqm along with a 150sqm beer garden and rear storage yard to laneway. Full commercial kitchen, hose-down floors, walk-in cool room/dry-store, and large/rear service yard.

The rent is $39,600 per annum, fixed until 2020 + rates/utilities with options of two further 5 years.

Lease agreement and other property documents are available upon request.

Seeking expressions of interest.

Business Highlights

Business ID2014472744
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Last updated  17 Feb 2019
Map for Preston VIC 3072Preston VIC 3072
No Agent Property
Suite 1a, 608 Hawthorn Rd Brighton East VIC 3187

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