Drastically reduced & ready to sell!

Ground floor, street frontage approx. 260m2 (ground floor 191m2 and approx. 69m2 of mezzanine) heritage premises featuring an impressive fitout and most recently operating as a restaurant/bar. Superbly situated in Hay Street's bustling entertainment precinct, the site is just down from the 5 star Adnate - Art Series Hotel, close to The Stables and Melbourne Hotel and a short walk from Perth Arena.

The 260m2 site offers flexible event space over two levels, has a special facility 2.00 am liquor licence (Thursday/Friday/Saturday) and boasts almost 20 years of history as a hospitality venue.

Offered with vacant possession, the property is licensed for 164 pax (plus an alfresco licensed for 20 pax), features two bars (upstairs and downstairs), a commercial kitchen with cool room and a grand internal fit out including marble floors.

There's ample scope for new operators to grow their business and to further utilise features including provision for a coffee window to Hay Street, or to explore alternative uses for the site such as business services, retail etc.

TERMS: Deposit $100,000 | Settlement 30/60 days (or 10 days from the approval of the Transfer of the Liquor Licence, whichever is the later)
EXTRAS: Plant and equipment by negotiation
USAGE: Approved for Restaurant/Bar

OUTGOINGS
City of Perth Year 21/22: $10,016.65 Per Annum
Water Corporation: $3,491.10 Per Annum plus Consumption
Strata: Commercial Levy $874.60 Per Quarter, Standard Levy $2,554.20 Per Quarter and Reserve Fund $387.00 Per Quarter

ZONING: City Planning Scheme No2 - City Centre P5
HERITAGE: City of Perth