Hell Of The North - 1p4841

Business For Sale 135 Greeves Street, Fitzroy, Victoria 3065

Business Category Hotel Restaurant

Leasehold $199,000

Description

Hell Of The North - 1p4841

One could easily pass by the bluestone squared home to Hell of the North (the nick name of the Paris-Roubaix, a gruelling one-day, 260-kilometre cycling event in Frances North) on Greeves Street, just off Smith, were it not for the canary yellow door. Its striking nature calls out to passers-by and entices them in, offering a hint of the unexpected treasure that lies within.

Inside there's the warmth of wood with an industrial edge, but there are added classic bistro touches, such as brass and blackened steel. The restaurant is split into several rooms for an intimate, warren-like feel. The Bluestone walls are countered by decorative slats, sleek tables and a bar made from many woods, all bordered by derrière friendly leather banquettes. On the ground floor there is also a small smokers courtyard and preparation/serving kitchen. Upstairs the whole top floor is one large incredibly equipped kitchen, the best of everything, a real Chef's kitchen. This supports downstairs yet can easily be used to service off site catering and has the capacity even for Uber eats as well as serving the restaurant.

Hell of the North has an On Premises licence until 1am with a capacity of 75. There are ten years remaining on the lease made up of 1+3+3+3 with rent coming in at $1930 a week including GST. The venue is in excellent condition with a very extensive asset register and no equipment or supplier contracts in place.

Hell of the North has been operating for over nine years and created a fantastic reputation for itself. In that time the owners also created some children hence the reason for sale, to spend more time with them. The venue suits an owner operator with a good knowledge of the industry that can take on this amazing concept or move on with their own. There are a detailed set of books and trading figures, so the vendors are looking for offer in the region of $199,000 Price Reduction.

Hotel Information

  • Restaurant Facilities: -
  • Liquor Licence: -
  • Restaurant: -
  • Lease: -
Other Features / Notes
A:LEASEHOLD, B:CAFES, B:HOTEL/BAR, C:VIC - Melbourne
Contact Seller

Bsale ID: 560591
Broker REF: 1P4841

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