For Sale - This historic hotel, first licensed in 1853 is Melbourneâ€™s oldest Pub.
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
A successful Blueprint and an extensive Business plan is a must for any new Purchaser buying a Hotel.
As an optional extra, we offer not only a great service to Vendors selling their Business but also a great service to incoming Purchasers if they desire to take up our offer.
We have a very experienced Chef and Manager of several Hotels with hands on skills, to coach you and implement a successful Business plan in your new Venture.
For further information contact us and ask how this plan can help you with the following Business listed below.
Located on Franklin Street, on the fringe of Melbourneâ€™s CBD. This historic hotel, first licensed in 1853 is Melbourneâ€™s oldest Pub.
For over 150 years, the bluestone walls of this famed establishment have provided solace and sustenance to all.
Now housing Captain Melville, it has become the destination for accessible dining - all within Melbourneâ€™s oldest public house.
A short stroll from Queen Victoria Market, easily accessible by public transport, along with ample on and off street parking.
This property has recently undergone a multi-million dollar renovation, winning many awards along the way.
Any inspection of this popular landmark property will not disappoint, this is a truly rare opportunity to purchase Melbourneâ€™s oldest pub and create your own page in the history of this building.
Currently under development and within walking distance of Captain Melville's are many high rise apartment buildings, along with the soon to be started Queen Victoria Market re-development.
Captain Melville's is currently trading strongly, but with plenty of room for growth.
Winner - IDEA Interior Design Excellence Awards 2014 - Hospitality
Winner - Intergrain Timber Vision Awards - Commercial Interior Award
Shortlist - Eat-Drink Design Awards 2013
Shortlist - Sustainability Awards 2013 - Small Commercial
Finalist - Bartender Bar Awards - Pub of the Year (VIC)
â€¢ - Bar situated upon entry
â€¢ - Dining Room
â€¢ - Commercial kitchen
â€¢ - Cool Room & Store Room
â€¢ - Male & Female Amenities
â€¢ - Outdoor covered frontage within red line area
â€¢ - Fully operation state-of-the-art NEXO sound system
- Underground cellar.
â€¢ - Bar, (accessible via staircase #1)
â€¢ - Large outdoor covered balcony spanning full frontage of building
â€¢ - Multiple separate private rooms
â€¢ - Offices
â€¢ - Unisex Amenities
â€¢ - Private Function Room (accessible via staircase #2) with standalone Bar
- Store Room
Liquor Licence Capacity - Dining Room 121, Bar Area 125, Verandah / Front Patio 70, Function Room 39 (OVERALL 355)
Fixtures and Fittings
This property is fully fitted out, including commercial kitchen and ready to trade immediately
â€¢ - Current rental of $189,280 plus GST.
â€¢ - 20 year Lease 5 x 5 x 5 x 5.
â€¢ - Current lease is into the 2nd year of 5 year term of Fixed 4% increases followed by market review.
â€¢ - 3 months rent security deposit, approximately $30k.
- All out goings to be paid by tenant not including Land Tax.
- Incredibly rare 24 hour (on-premise) liquor licence
- Over 350 Patron capacity
- State-of-the-Art, Fully equipped Bars and Kitchen
- Terrific lease term with approximately 18 years remaining
- Fully operational Nexo sound system
Turnover $2,500,000 - $3,000,000 P.A
Financials Available on request
Offers around $1,500,000 considered + S.A.V
Serious buyers only please, and no Pesty Brokers please.
Quote BSV 0614 , and call Steve on 0488 179 003 NOW !! , or submit an Enquiry Now.