Penny Black - prime location, established infrastructure, and multiple revenue streams
Nestled along Sydney Road, The Penny Black has transformed the historic Brunswick GPO into a well-established local favourite. Known for its relaxed atmosphere, it's a go-to destination for casual drinks, home-style meals and live local music.
The venue offers a versatile and expansive layout. At the front, a large open-air area with picnic tables and bench seating provides the perfect setting for street-side people-watching. Inside, the main room showcases the building's heritage charm, featuring high ceilings, exposed brickwork, and a central stage paired with a long bar. Flexible seating throughout allows the space to be easily adapted for live performances and large crowds. Beyond the main room is a secondary dining area, which flows into an impressive, fully equipped beer garden. This standout space includes its own bar, DJ booth, amenities, and walk-in cool room with glycol beer system. With substantial coverage and a retractable roof section, the beer garden is a major drawcard, particularly during the summer months. Additional features include a well-equipped commercial kitchen and upstairs rooms currently utilised for storage and office space.
The business operates under a Late Night On-Premises Licence until 2am, with an internal capacity of 199 and an external capacity of 600. The lease has 10 years remaining (5+5), with rent of $3,900 per week including GST. The sale includes an extensive list of fixtures and fittings, including all in-house sound and lighting equipment.
The Penny Black represents a significant opportunity for an experienced operator or hospitality group to take over a large-format venue with strong foundations. With its prime location, established infrastructure, and multiple revenue streams, there is considerable scope to further develop and enhance the existing offering. Financials are available and the vendor is realistic and seeking offers in the vicinity of $350,000 for this large Brunswick pub.
For more details, please email broker or call agents.
