MELBOURNE LISTINGS > ISLAND SOMEWHERE

ISLAND SOMEWHERE

You’ll find Island Somewhere at the top end of Queen Street on the other side of Queen Victoria Market.  At the moment it is a haven for all those with a love of pinball with machines throughout both levels.  It is owned by the same group that has the very successful Bartronicas.  However the vendor cannot split himself between all the venues hence Island Somewhere being put on the market.  

 

Heading in through the double doors there is an open plan bar area with the bar on the right.  The bar leads into a small kitchen area designed to deliver light, easy-to-create snacks and catering. There is plenty of space to sit at the bar or around the room if not playing the pinball machines.  Through the rear of this front room you walk in to the courtyard, ideal for the smokers.  From there it is to the rear of the venue, with toilets, store room and large cool room.  Upstairs from this rear area is a self contained office unit with its own kitchenette. It is presently set up as the control room to run the hospitality group with four work stations.  This can continue to be used as an office or sublet as a co-working space or office. 

 

Opposite the bar is a secret bookcase door that opens up to reveal a flight of stairs leading up to the top floor function space with its own bar and toilets and sound system. There is a separate entrance to this floor that can be utilised from the street. 

 

Island Somewhere has a late night on premises licence until 3am with a capacity of 120.  There are eight years left on the lease made up of 2+6 and rent is $2500 a week including GST.  There is an extensive fixture and fitting list for the venue.  The pinball machines are not at present included but there is a list and price guide if they are to be purchased. 

 

Island Somewhere suits an owner operator who does have knowledge of the hospitality industry, that has a clear idea on how to capitalise on the great space, location and licence of this CBD venue.  The sale is walk in, walk out as the vendor has his income accounted for within the group, rather than be shown as an individual venue.  So there is limited financial information.  For that reason the vendor is only looking for offers in the region of $125,000 (Price Reduction) for this exclusively listed opportunity. Vendors terms are available.