508 Mount Dandenong Tourist Road Olinda VIC 3788
- Hotel, Motel, Pub & Leisure
- 1,065 m²
- For Sale, Freehold - Expressions of Interest
Cuckoo Restaurant - Freehold with Vacant Possession - 1P5405
The chances are that some time in your life you have been to what used to be the world famous Cuckoo Restaurant. An institution around since 1958 located not far from Olinda in the Dandenong Ranges East of Melbourne. The business has dealt with many things over the years but could not overcome the impact of Covid. That tied with vendors living in different states they have now decided to sell the freehold and let a new venue arise.
The site is divided into two parts comprising of almost four hectares of land. The main building area has an overall floor area of around 1065 sqm across three levels. The top floor has two large entertainment rooms, a large bar , servery and buffet presentation areas, two stages and scullery. The latter leads off to offices and then down stairs to a huge kitchen area. The kitchen can serve the full venue in one sitting and so everything is on a large scale. For example there are four combi ovens, multiple cool rooms, storage and cleaning rooms. On the mid level is a large function room with stage and its own bar created for stand alone functions. The venue is surrounded by multiple car parks, garden areas, storage sheds and a fixed generator. A short walk leads to a self contained managers two bedroom lodge.
The size and scale of Cuckoo can only be fully realised after a walk through the estate. All fixtures and fittings are included in the sale including items such as two Grand pianos. So there is a very extensive asset register. The venue has a restaurant and cafe liquor licence until 1am catering for 500.
Supporting the listing is a very detailed Section 32 accompanied with information about the business prior to its closure. Turnover was an average of $60k a week and was very profitable. A planning and development review is also provided. The Cuckoo has huge potential and the opportunities are only limited by the creativity of any new owner. It could be another themed restaurant, the largest pub in the ranges or outer Melbourne for that matter, a reception centre, band venue, micro brewery or even a training centre.
The vendors are therefore looking for expressions of interest for the purchase of the freehold of this exclusively listed venue. There is now an opportunity for just the lease to be taken over at little to no cost with a separate entity taking on the freehold.