Absolute Bargain Hospitality Opportunity – Only $70,000!
Priced for an immediate sale at just $70,000, this is an outstanding chance to secure a fully established, high-exposure hospitality venue in one of Preston’s most prominent corner locations. At this price point, this venue represents exceptional value and simply cannot be replaced for anywhere near the asking price.
Positioned on busy Plenty Road with unbeatable street frontage, this versatile two-level venue offers the ultimate Blank Canvas Opportunity for a wide range of cuisines, hospitality concepts, event operators, or experienced owner-operators looking to rebrand and capitalise on an existing setup.
The ground floor is currently fitted as a café/restaurant and bar, while the second level provides valuable additional seating or a dedicated private function and event space with balcony views. With a warm industrial-style fit-out, strong street presence, and flexible layout, the venue is ready for an operator to walk in and make it their own.
Adding even more value, the business includes a wood fire pizza oven, giving the incoming operator an immediate food offering advantage and a highly appealing point of difference.
Currently trading only 5 nights per week, the venue is significantly under-utilised and offers enormous scope to increase revenue through extended trading hours, lunch service, private events, functions, catering, or a fresh hospitality concept.
A major highlight is the highly sought-after General Liquor Licence for 156 patrons, making this a rare and valuable opportunity for operators seeking a strong food, beverage, and event-based business in a premium inner-north location.
Key Features
Absolute bargain asking price of only $70,000
Prime corner location on busy Plenty Road, Preston
Exceptional street frontage and exposure
Stylish, fully established hospitality venue
Flexible two-level layout
Ground floor restaurant/bar or café space
Upstairs function/event space or additional seating
General Liquor Licence for 156 patrons
Includes valuable wood fire pizza oven
Average weekly takings currently $8,000 operating short hours
Currently trading only 5 nights per week
Huge potential to increase trade and revenue
Attractive rent of just $961.33 + GST per week
Lease commenced 1 February 2024
Secure 3-year lease with further options of 2 x 3 years
Perfect for hospitality groups, owner-operators, event specialists, or a fresh rebrand
This is a rare chance to acquire a stylish, fully fitted and licensed venue at a price that represents genuine value. With the fit-out, licence, location, two-level layout, wood fire pizza oven, and established hospitality infrastructure already in place, this opportunity is priced well below replacement cost.
This is the perfect platform for the next operator to step in, rebrand, expand trading hours, drive events and functions, and unlock the full potential of this high-profile Preston venue.
Priced to sell urgently at only $70,000 – all genuine offers will be considered.
Enquire today to secure this exceptional blank canvas hospitality opportunity.
For more information, please contact Grita Angelucci.
For more details, please email broker or call agents.
