Exciting Opportunity!! Hobart CBD Nightclub

5 days ago

Location:
Hobart 7000 > Hobart - Greater > Tasmania

Investment level:
$100,000 - $150,000 + SAV

Type:
Business

Industry:
Food & Drink > Pubs, Bars & Clubs > Pubs Bars

Private Seller

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Summary

This fully equipped venue has endless potential. The venue is set up to run as a lounge bar/club however has previously also operated as a kitchen/catering facility

Location Details

37-41, Elizabeth st
Located in the heart of Hobart's CBD

Potential

Situated on the first floor, 37-41 Elizabeth St this fully equipped venue has endless potential.

Currently only operates for private functions, however is currently set up to run as a lounge bar/club and has the potential to trade up to 7 days a week.

The venue has previously also operated as a kitchen/catering facility.

Hours

The venue is licensed 7 days 5am-12midnight.
Extended hours available upon licence application

Lease

Currently into 4th year of a 5 year lease with two options of 5 years upon renewal

About the Business

Situated on the first floor, 37-41 Elizabeth St this fully equipped venue has endless potential.

Currently only operates for private functions, however is currently set up to run as a lounge bar/club.

The venue has previously also operated as a kitchen/catering facility.

Approximately 259m2 & 91m2 in additional storage.

Currently 4 years into a 5 year lease with two options of renewal (still 11 years available upon renewal)

Current rent plus all outgoings approx $5126.90/month

Annual increase in rent of 3%

Offers over $100,000

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