Summary
Restaurant | Bar | Events & Functions | Licensed 107 Patrons to 1am + Bottle shop licence adds extra revenue potential - Iconic Fitzroy St location -35+ years hospitality legacy - Premium fit out
Location Details
31 Fitzroy Street
About the Business
Restaurant | Bar | Events & Functions | Licensed 107 Patrons
BUSINESS HIGHLIGHTS:
- Iconic Fitzroy Street venue, operating since 1988
- Fully licensed for 107 patrons (1am Mon–Sat, 11pm Sun) + 7-day bottle shop
- Long, secure lease until September 2041 – rent $8,708.16 + GST per month
- Three (3) car parks at rear of building included in the lease
- Premium, modern fit-out with high-quality fixtures, commercial kitchen, stunning marble bar, cool room, grease trap and prep areas
- Double shopfront building with maximum exposure in the heart of St Kilda
- Currently operating for private events/functions only
- Significant scope to expand function trade &/or relaunch full-service restaurant
- Excellent reputation with strong customer reviews and industry recognition
- Ideal for experienced hospitality operators seeking a flagship or second venue
- Will suit experienced walk-in, walk-out buyers only
Please note: The “Di Stasio” trading name is not included in the sale. Di Stasio Città and Di Stasio Carlton are not part of the sale and continue to operate as usual.
A St Kilda Hospitality Venue with Exceptional Scale & Character
Positioned on bustling Fitzroy Street, this striking venue blends a sophisticated restaurant, bar and fully licensed function space within a highly adaptable layout. Thoughtfully designed and curated, the premium fit-out delivers both an exceptional customer experience and efficient service flow.
A standout feature is the impressive marble bar, extending from the entrance through to the rear of the venue. Finished in luminous dove-grey marble, it creates a stunning visual centrepiece, beautifully contrasted by the striking red industrial scaffolding suspended above, an installation by renowned artist Callum Morton.
Spanning a large double shopfront, the venue offers outstanding flexibility, perfect for private events, functions, or a full relaunch of day and evening dining. The fully equipped commercial kitchen, bar, cool room and prep areas support seamless, high-volume operations, while the 7-day bottle shop licence presents an additional revenue stream in St Kilda’s vibrant hospitality precinct.
EOI INVITED
To inspect or discuss further, contact Karli on 0409 965 540.
History
Currently operating exclusively for private events and functions, the business presents a compelling opportunity for an experienced operator to expand event trade, reintroduce regular service, or reposition the venue entirely, building on 35+ years of hospitality legacy.
This is a rare opportunity to secure a premium, fully equipped venue in one of Melbourne’s most iconic dining strips, with all the infrastructure in place for immediate success.
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