A former Art Deco State Bank turned into a bar, The St. Kilda Branch has been transformed so that is an elegant, eclectic retro bar & restaurant. It’s hard to miss the venue situated at the Barkly Street end of Acland Street. Essentially this is a place brunching, late lunching or partaking in a quiet pre "hit the town" drink. St Kilda Branch is also an 'old fave' amongst the afternoon sun seekers as seating outside provides a perfect viewpoint of the crowds wandering down Acland Street.
As you approach the venue you see the large amount of external seating for twenty. Inside you will find a stone feature wall, a couch or two and quite a large room full of wooden chairs and tables with large panelled windows. It's a popular place with the locals as it's hassle free, with friendly bar staff. Just inside the front door there is boothed area tucked away that is an ideal place for a small group that want the ambiance but a little more privacy. The bar is all down one side of the venue giving maximum exposure to enable the patrons to quickly grab a drink. The fully fitted commercial kitchen is behind it. The toilets, coolroom and a storage room are upstairs and a small office is opposite the bar entrance.
With only two years left on the lease the landlord is prepared to give brand new lease, with the new tenant negotiating the length and number of terms up to a total lease length of fifteen years. Rent will be $2,500 a week including GST. All fixture and fittings are included in the sale
The venue is run under management at the moment and still making a good profit. It can be run as such but is probably better suited to an owner operator that wants to take over a vibrant , busy St Kilda venue. There are a full set of books available showing average weekly takings of $20k a week that justify the vendor asking for offers in the region of $150,000 (PRICE REDUCTION) for this exclusively listed venue.
This venue is now UNDER CONTRACT.