About the Business

An outstanding asset sale opportunity exists to secure the former IDES Melbourne premises, a fully fitted restaurant and bar venue positioned in the heart of Smith Street, Collingwood — one of Melbourne’s most recognised hospitality precincts.

Spanning both 90 and 92 Smith Street, the venue offers a substantial hospitality footprint with the flexibility to operate as one integrated restaurant and bar, or as two complementary business concepts. With more than 10 years of trading history as a recognised dining destination, the site provides an incoming operator with a proven location, excellent street exposure and strong foot traffic from the surrounding mix of restaurants, cafés, bars, retail businesses, residents and visitors.

The premises are offered with an impressive existing fit-out, including a quality commercial kitchen, large stone bar, dedicated wine room, private dining area and well-appointed dining spaces. Existing permits and liquor licence are in place, significantly reducing the time, cost and complexity normally associated with establishing a new hospitality venue.

This is a rare chance to launch a premium restaurant, wine bar, cocktail venue, modern bistro, chef-led dining concept or private function venue without the expense and delays of building from scratch. Offered at a fraction of the original fit-out cost, IDES Melbourne presents a cost-effective entry into one of Melbourne’s most desirable dining locations.

Key Features:

• Prime Smith Street, Collingwood position
• Fully fitted restaurant and bar premises
• Quality commercial kitchen suitable for multiple cuisines
• Large stone bar, wine room and private dining area
• Existing permits and liquor licence
• Flexible dual-premises layout across 90 and 92 Smith Street
• Option to operate as one venue or two separate concepts
• Over 10 years of established hospitality trading history
• Strong street exposure and consistent foot traffic
• Reduced setup time and capital outlay for incoming operators

Rent:
90 Smith Street: $4,689.62 plus GST per month
92 Smith Street: $4,689.62 plus GST per month

Address:
90 & 92 Smith Street, Collingwood VIC 3066

This opportunity is ideally suited to experienced hospitality operators, chefs, restaurateurs and investors seeking to establish or expand their presence in Melbourne’s thriving food and beverage market.

Opportunities of this calibre in Smith Street are rarely available. For further information, or to arrange an inspection, please contact Grita Angelucci.