Summary
Located on a main road in Melbourne's CBD, this fully renovated property is fully equipped with Chinese, Western, and buffet dining options. Lease term: 5 years + 5 years, monthly rent: AUD$10,000.
Revenue
$118,000 pm
Rent
$10,000 pm
Expenses
$58,000 pm
Net Profit
$50,000 pm
Location Details
296-298 Russell St
Located on the east side of QV Shopping Centre in Melbourne's city center.The foot traffic was very high, and the business was very stable; we exited the market and switched to another industry.A transfer fee is required.
Reason for Sale
We are in the international trade industry, but we are not good at restaurant management.
About the Business
Location: Prime CBD location with high foot traffic and excellent accessibility
Restaurant: Fully equipped, stylishly renovated, licensed, and currently operating with steady revenue
Apartments: Multiple units with high occupancy and stable long-term tenants, generating reliable rental income
Key Advantage: Dual cash flow from restaurant and rental, turnkey investment with low risk
Suitable for: Investors, entrepreneurs, or those seeking stable passive income
Reason for sale: Owner relocating/pursuing other opportunities
Priced competitively for a quick sale
Great car also available separately! Mitsubishi Delica 2WD x 4WD automatic high-clearance 7-seater off-road business car with 67,000 km of mileage, four off-road tires, and excellent condition! Asking price: AUD 37,000!
Located on the main road east of QV in the Central Business District, this property comprises a two-story restaurant (cold storage, hot kitchen, pasta kitchen, and two dining rooms), a one-story rental apartment, three storage rooms, and a warehouse, totaling approximately 450 square meters.
Fully renovated, it features a complete set of Chinese, Western, and buffet equipment.
Completely completed with all necessary paperwork, ready for immediate move-in. Priced at AUD 230,000 with all equipment and AUD 180,000 without. Cars not included in the price.
5-year + 5-year contract, monthly rent of AUD 10,000 (operating for one year).
History
From April 3rd to August 2024, the restaurant underwent a complete renovation. This was a massive undertaking, not just simple repairs. From September to November 2024, we successfully transitioned to Eastern European cuisine. However, due to the expiration of the visas of our two Ukrainian chefs, we had to switch to operating a Chinese restaurant, but managing a Chinese restaurant proved too complex for us. Currently, to maintain the four rental units in brand-new condition, they are temporarily vacant, awaiting a new owner.
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