Prime Newstead Restaurant & Bar with 2+ Million Turnover

E.O.I

About this Property

Off Market Group is pleased to extend a unique opportunity to acquire Newstead’s premier destination for bottomless brunch, drinks, and eats.

This exceptional restaurant, situated in the heart of Newstead Precinct, boasts a turnover of 2 million+, an expansive 338m² licensed area, and a full commercial kitchen. With nothing to spend and a 2+ million fit-out, this turnkey operation under management is ready for a motivated operator. Featuring an 18-year strong tenure lease, excellent exposure, and seating capacity for 150+, this prime location is priced to sell well below the replacement costs of the fit-out.

Seize this opportunity to own a thriving business in one of Newstead’s most sought-after locations!

KEY HIGHLIGHTS:
  • Turnover 2 million +
  • Newstead Precinct Prime Location
  • Nothing To Spend
  • Full Commercial Kitchen
  • 338m2 Licenses Area
  • Under Management
  • 18 years Strong Tenure Lease
  • 2+ Million Fit Out
  • Turnkey Operation
  • Excellent Exposure
  • Looking for Motivated Operator
  • Price to Sell, Well Below Replacement Costs Of Fit Out
  • 150 + Seating Capacity

Contact Leigh for more information about this property.

Leigh Metzeling

Sales Director

0451 607 651