Under Contract - 1p3693h
Just a short walk from the Exhibition Centre on South Wharf you'll find Gasolina. The venue has a reputation not only for being a great space for corporate functions but also caters for the walk ins from the annual 1.3M annual visitors that happen to be on South Wharf and the growing number of local inhabitants.
The front of the venue has footpath trading for up to 50 which is fully utilised on those Summer afternoons at the weekend. Walking through the bifold doors there is a large cavernous area of the main bar that has a three sided bar in the centre and so can cope with a very high number of patrons needing refreshments at the same time. The rear of the bar backs on to the medium sized well equipped kitchen which overlooks the whole area. The separate function area can cater for 100 sit down and up to 180 standing and has its own bar to support it. It could also be set up as a separate cafe area.
As the venue is part of the South Wharf shopping centre it has a shopping centre lease. Rent was recently renegotiated to be on only $2000 a week including GST. There are 13 years left on the lease made up of 8+5. It is an On Premises licence until 1am with a capacity of 300. there is an extensive list of fixtures and fittings which are included in the sale.
Gasolina is run under management as the vendor has two other venues and is looking to downsize. The sale is walk in walk out with no books but income and future bookings can be shown. The venue suits a group that wishes to add to their portfolio or an owner operator that can concentrate on taking the venue forward. Offers need to be in the region of $260,000.