Leisure & Entertainment business for sale in Brunswick
- Leisure & Entertainment
- 314-318 Sydney Road Brunswick VIC 3056
- Leasehold $200,000
SOLD - Spotted Mallard - 1P4997
Head up Sydney Road from the City and you will find the Spotted Mallard up on the right. Welcome to the prettiest live music venue in Melbourne. The stage at the Spotted Mallard is the crowning glory of a grand space with bright parquet floors that was formerly used as a ballroom. Now, lampshades and a mirror ball hang down from a high ceiling with a stained-glass skylight at its heart. It's here hipsters, urban cowboys and old ducks come for toe-tapping folk and swing bands, surf rock and even some cabaret acts. But what makes the place tick over is that the entertainment isn't left to fend for itself with the support of the large commercial kitchen.
The venue has raised areas that almost give it an amphitheatre feel so that all can see what is happening on the stage. One large bar serves the entire venue with associated cool rooms and storage downstairs underneath. The raised section on Sydney Road end of the venue opens out on to a balcony for smokers and those needing some fresh air. In addition to this the venue has footpath trading. The opposite end of the venue has a mezzanine level above the open plan kitchen that is mainly used by the bands as a "Green Room". A recent addition to Spotted Mallard is the small bar downstairs tucked away from all the music that has its own entrance and ambience and has a separate lease running concurrently with the main one and rent being $550 a week including GST.
The venue has an On Premises licence until 1 am with a large capacity of 293 and no security restrictions. There are 8 years left on the lease made up of 3+5 with the landlord willing to negotiate extra terms on transfer. Rent including GST comes in at $2400 a week. The landlord has very kindly waived all the rent until the end of June with another chat then to be had. All fixtures and fittings are included in the sale except for the sound and light equipment which is leased.
The venue suits owner operators with a good knowledge of the entertainment industry. The venue is in hibernation at the moment. All the bands and bookings are just on hold waiting for the Covid 19 restrictions to be lifted. Who ever does take the venue on will have a lot of fun in the future. The vendor has set the asking price at $200,000 which is very much supported by the financial information supplied and also the great reputation that the Spotted Mallard has. This is an exclusively listed venue.
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|Last updated||14 May 2020|
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