Function Reception Centre in Melbourne's Southeast

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16 days ago

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Contact

Dilun Pathirana

click to reveal phone number +61 426291868

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Summary

580 seat facility with bar area and large function centre and 180 car parks

Potential

Vendor open to sell freehold land along with the business

Lease

5x5x5x5x5 lease options and annual rent $180,000+GST

Reason for Sale

Retirement

About the Business

• Venue has 580 seats with bar area and large function centre.
• Premise has over 180 car parks and located in a commercial area.
• Long lease of 5x5x5x5x5 and annual rent $180,000+GST with option to buy the freehold land along with the business for $9.5m
• Selling due to retirement
• Vendor expecting only $1,450,000 and possible to discuss Vendor Finance terms with sincere buyer.
• Opportunity won't last long.

History

This attractive function centre has been running for the last 20 years, 15 of which under the current owner.

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