Under Contract - A Warm Neighborhood Restaurant - 1p5957

Drawing inspiration from its Northern Italian heritage, Oster on Bridge Road introduces a laid-back, regional osteria-style dining experience to Richmond. Its approach to simple, local fare paired with regional wines, all set within a cozy neighborhood hangout and has earned widespread acclaim.

Outside, the venue welcomes guests with three tables, while inside, a softly lit ambiance prevails, complemented by concrete accents and sleek polished floorboards. The interior design features walls stripped back to reveal the underlying red bricks, adorned with low-hanging pendant lights and a marble bar, all contributing to a warm and inviting atmosphere. The space is generously arranged to accommodate both couples and small groups, offering seating by the street-facing bifold windows for an engaging view of this fashionable Melbourne area. The back of the dining space houses a fully equipped commercial kitchen, complete with a spacious walk-in cool room that has several doors leading to the bar. Towards the back, guests find elegantly arranged restrooms and a sizable storage room.

Oster has a Restaurant and Cafe Licence until 11pm with a capacity of 73 patrons. The lease has seven years remaining, structured as 3+4 years, with a weekly rent of $1,480 including GST. The sale encompasses all fixtures and fittings, free of any supplier or equipment contracts.

Boasting an exceptional setup and prime location, Oster is perfectly poised to serve the extensive foot traffic from the nearby MCG and stadium complex, as well as the area's usual bustling activity. The venue's versatile design is ready to accommodate virtually any culinary style. This presents an ideal opportunity for an owner-operator to bring their vision to life in a space that's hard to match in terms of condition, all at an asking price of just $95,000 for this exclusive listing.