You'll find Argo on Commercial Road close to Prahan Market at the centre of a thriving hospitality focused street. The venue is in excellent condition after a refit last year and has mainly been trading just Friday and Saturday nights. So the venue has considerable potential to open other nights and also be a late night destination venue. At the moment it is run under management and so suits both owner operators and a management team.
The venue has two levels with the bar, dance floor, lounge area and courtyard downstairs and a private function room with a capacity of 40 upstairs. The venue has the latest licence in the area with 5am at the weekend and a capacity of 160 inside and another 30 in the courtyard. There are ten years left on the lease and rent is only just over $1000 a week with the bond being only one months rent. All fixtures and fittings are included.
The owners have just bought another much larger venue that they wish to concentrate on and so are looking for a walk in walk out sale of only $150,000 for this exclusively listed venue.