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ICONIC EVENT & FUNCTIONS VENUE

ICONIC EVENT & FUNCTIONS VENUE

ALL REASONABLE OFFERS CONSIDERED

This venue has everything from an amazing design, lavish décor and flexible floorspace, making this venue arguably the best function space the Bayside as to offer. From school formals, birthday parties, university balls, bat mitzvahs, wedding receptions, corporate events or fundraisers, this venue is the natural choice for a truly amazing and memorable experience. This award-winning venue boasts The Hamilton Room, The Madisson Room, The Dakota Room and The Ethan Room, catering for up to 300+ patrons collectively – seated or up to 250 approx. patrons collectively. There is plenty of secure on and off-street parking. The experienced and friendly staff can tailor make events and functions ensuring all customer expectations are exceeded. It is this relentless dedication to providing customers with innovative solutions which defines this venue and makes it peerless and a genuine leader in the function and event space.

Call Michael 0423 287 048 to discuss this outstanding opportunity further!

BUSINESS HIGHLIGHTS:
Annual sales of $1.275+ million 2016/17, 2017/18 interim sales (July – Dec) of $877,000
On Premise Liquor Licence until 3am Fri & Sat (1am: Mon – Thurs, Midnight Sun)
Open for Events & functions ONLY – available 7 days a week
Over $550,000 in forward bookings already in place for 2018
The “GO TO” venue for many of the elite Bayside corporates, schools, weddings and Bat Mitzvahs
Venue seats up to 300 upstairs and 110 downstairs with upstairs able to be divided into 2 rooms holding 140 & 100 patrons each (sit-down) the downstairs area can also be used as a car park

BUSINESS STRENGTHS:
Under Semi Management
Well established with an excellent reputation, current vendor has owned it of 20+ years
Plenty of parking and Disabled lift access
Multiple rooms – up to 3 functions can be held at once
All equipment fully owned and in excellent condition
Fully fitted commercial kitchen with walk-in freezer and cool room in main kitchen with a second fully equipped satellite kitchen and second cool room, a 200-watt diesel generator provides back up power to entire venue when required

LEASE AND RENT:
Two leases in place. Ground floor and part 1st floor 13 years remaining, Ist floor second lease covers the rear part of the building has 12 years remaining
Rent for the total building is $129,000 inc GST & outgoings (approx.)
Rent reviews: CPI p.a
Size: 800m2

Call Michael to INSPECT on 0423 287 048

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