VENUES SOLD > DAN O'CONNELL HOTEL - CARLTON

DAN O'CONNELL HOTEL - CARLTON

On St Patricks Day there is a rather large party at "The Dan" which has just come and gone. This year it was on a Friday with the 17th falling on Saturday and Sunday the next two years with income being envisaged at over $300k for just one days trade.  For the rest of the year it is your standard locals trade and functions.
 
The Dan O'Connell is a large Hotel which you will all have seen as you slowly drive past on Alexander Parade.  Downstairs there is a function room known as the Red Bar with a capacity of 200 with its own bar and private entrance.  The main bar has an eight line glycol beer system and associated good sized kitchen, pool table area and lounge area, with working fireplaces for the winter.  There is an internal courtyard for smokers and sun seekers as well as foot path trading at the front of the venue for 20. Upstairs is not currently used at the moment but could be used to include more function rooms or adapted for accommodation or offices as upstairs has its own private entrance
 
There is a long lease with 17 years remaining up to 2032 made up of one single term.   Rent is $3400 a week inclusive of GST. The venue has a general licence until 1am on premises and off premises till 11pm and a capacity of 300. All fixtures and fittings are included in the sale. 
 
This venue has huge potential both for an owner operator or to be taken over and managed by a group.  The owner is looking for a quick walk in walk out sale and so is asking for only $125,000 for the keys for this exclusively listed venue. There are no books for this venue as it is purely walk in walk out. You are taking this venue on not because of what it is doing now but because of what it could do. 
 
This venue is now SOLD.