Leisure & Entertainment business for sale in Ormond
- Leisure & Entertainment
- 483 North Road Ormond VIC 3204
- Leasehold $295,000
SOLD - On Top Bar - 1P4778
Patrons find many different ways to get to the OnTop Bar, by balloon, off the train from Ormond Station opposite or the more traditional method of car or foot. The place looks after a varied crowd. The after work drinkers on the way home, the weekend chill out drinkers on the roof top and those that come for the bands and live music.
There is footpath trading for twelve under the covered awning, including another 8 metres separate from the awning. Heading inside initially there is the front bar with a stage for the bands and a set up that can be changed or rebuilt to cater for the most varied of nights. Heading through towards the rear of the venue there are a couple of lounge areas and a small but well equipped commercial kitchen. Then down through an internal alley to the jungle room. In there you'll find another stage with a pool table and arcade machines for people wanting alternative an area whilst the music is on. Upstairs turn right past the roof top bar and to the open plan roof top area with seating for 65, again with another stage, Yes the venue likes its live music. Combined with the upstairs bar makes an excellent area for functions. The opposite end of the roof top bar is a self contained three bedroom apartment. This can be lived in as it is now or converted to another function space or other uses.
The OnTop Bar has a General Licence on site till 1am and offsite till 10pm with a capacity of 92 (which could be extended to 180+ given the amenities and size of the place). Rent comes in at $1750 a week including GST. There are nine years left on the lease made up of 1+4+4. The venue has an extensive fixture and fittings list included in the sale. The landlord will also provide a rent free period whilst any refurbishment work is carried out.
The OnTop Bar is ideally suited to a group that want to take on a live music venue yet also work on the other revenue streams that are available. Or you can completely change what the venue offers as there is little to no competition in the area. With so much space on site and plenty of parking there is much that can be done with the place even though it is already successful in its own right. The venue is very profitable and there are books to support the asking price of $295,000 for this exclusively listed venue.
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|Last updated||7 Nov 2019|
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