Exceptional Hospitality Opportunity in Prime Preston Corner Location
A rare chance to secure a stylish, fully established hospitality venue in one of Preston’s most prominent high-exposure positions.
Set across two impressive levels, this versatile venue is currently operating as a restaurant, bar, and function/event space over just 5 nights per week, presenting enormous upside for an experienced operator to expand trade and maximise returns.
Beautifully designed with a warm industrial-style fit-out, the venue offers a relaxed yet vibrant atmosphere that has proven highly appealing for dining, drinks, and private events. Downstairs operates as a lively restaurant/bar, while the upstairs level provides an intimate and highly desirable private function space with balcony views.
A major highlight is the highly sought-after General Liquor Licence for 156 patrons, making this an exceptional opportunity for operators seeking a strong food and beverage offering combined with lucrative event and function potential. Adding even more value, the venue also comes equipped with a wood fire pizza oven, providing an excellent point of difference and immediate appeal for operators wanting to continue or expand a strong food offering.
Key Features:
Prime corner location on busy Plenty Road with outstanding street exposure
Split over 2 levels with flexible trading and event functionality
Currently trading as a restaurant/bar + function space
General Liquor Licence for 156 patrons
Includes a wood fire pizza oven
Proven weekly takings averaging $8,000
Trading only 5 nights, offering clear scope to increase 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
Well-suited to hospitality groups, owner-operators, event specialists, or those seeking to rebrand and take the business to the next level
This is a fantastic opportunity to acquire a highly under-utilised venue with strong foundations, an appealing fit-out, valuable licensing, and outstanding potential for growth.
Ideal for an ambitious operator looking to capitalise on the existing setup and unlock the full potential of this versatile inner-north hospitality asset.
Priced for an immediate and urgent sale, this is an opportunity that simply cannot be replicated at this level.
All genuine offers will be considered.
Enquire today to secure this exceptional opportunity.
For more information, please contact Grita Angelucci.
For more details, please email broker or call agents.
