Summary
$2M+ annual turnover - $380K net profit - Lease secured to 2035 - Two iconic CBD venues across two levels - Licensed to 1am - Fully managed - Fully licensed for 185 patrons across both venues
Location Details
15-17 Warburton Street
Reason for Sale
Acquiring two established CBD venues with this level of turnover, profit and lease security at this price point is exceptionally rare. This is not just a business purchase — it is the acquisition of two lifestyle-driven hospitality brands in one of Australia’s most competitive dining precincts.
About the Business
Two Iconic Venues | $2M+ Turnover | Licensed for 185 patrons
BUSINESS HIGHLIGHTS:
- $2,000,000+ annual turnover
- $380,000 net profit per annum
- Fully managed with experienced team in place
- Lease secured to 2035
- Rent $120,000 + GST per annum
- Licensed to 1am – 90 patrons (Murmur) | 95 patrons (Myrtle)
- Two distinct venues across two prime CBD levels
- Fully equipped commercial kitchen servicing both spaces
- Established systems with training and transition support
- Prime CBD location with strong corporate, tourist & local trade
- Dual revenue streams with significant growth potential
- Established trading schedule maximising after-work, weekend and late-night demand
PRICE RANGE: $780,000 – $850,000 + Stock
A Landmark Double Offering in the Heart of the CBD
Positioned in a tightly held pocket of the Melbourne CBD on Warburton Lane, this is a rare chance to secure not one, but two complementary hospitality venues operating under one roof.
Myrtle Wine Bar
A sophisticated wine bar and dining space known for its refined yet relaxed atmosphere. Myrtle offers a curated wine list, elevated share plates and modern Australian fare designed to linger over. The fit out is warm, intimate and textural, moody lighting, quality finishes and a layout that encourages long lunches, after-work drinks and private bookings.
Currently trading Monday–Thursday from 3pm until late, Friday from 12pm until late and Saturday from 2pm until late, Myrtle is perfectly positioned to capture corporate lunches, after-work trade and weekend dining.
Murmur Piano Bar
Upstairs, Murmur delivers a completely different energy. A late-night piano bar concept with live music, classic cocktails and a vibrant, nostalgic ambience. It’s theatrical, social and experiential, a true destination venue that keeps patrons returning week after week.
Trading Wednesday–Friday from 5pm until late (live music from 7pm) and Saturday from 6pm until late (music from 7pm), Murmur dominates the evening and late-night entertainment market within the CBD. Together, they create a dynamic, multi-layered hospitality asset rarely seen in the CBD market.
Two Levels. One Powerful Opportunity.
Spread across two levels of prime CBD real estate, the layout provides flexibility that is almost impossible to replicate today. Operate them independently as they currently trade, or integrate into one larger, cohesive brand with private functions, corporate bookings and event activations across both spaces.
History
With a combined turnover exceeding $2 million annually and $380,000 net profit, this is a proven performer already thriving under management. For an investor, the systems are in place. For an experienced operator, the upside is powerful.
Will suit serious buyers seeking scale, reputation and immediate returns.
Call Marc on 0412 359 907 for a confidential inspection.
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