The name gives the location of Hotel Spencer away. You'll find the place on the corner of Rossyln Street and Spencer Street just up from the Festival Hall. So straight away there are the big pay nights when something is on at the hall. With the closure of nearby hotels the venue has also taken on their regular trade and with all the flats being built around the venue that local traffic can only get bigger.
The Hotel Spencer Bar & Dining Room have aimed to stay true to the 100 years of its rich history of this Melbourne Hotel. Brimming with old-world charm from its burnished wood fixtures to the roaring fireplace there are two main areas. The public bar area and the small dining area. They are split by the entrance to upstairs to the backpackers that is independent of the hotel. The kitchen is off the side of the dining room. On the warmer days there is seating outside on the footpath for 24 patrons.
Hotel Spencer has a General Licence until 1am with an off premises sales being allowed till 11pm. The capacity is a generous 150. There are 18 years left on the lease made up of 3x5x5x5, rent being a low $64k plus GST a year.
What the venue needs is an owner operator with the benefit of hospitality experience that can take what has already been created by the venue but expand on it. Hotel Spencer has little or no competition, a prime location and the potential to provide a fantastic product. The vendors are looking for a walk in walk out figure of $150,000 to gets the keys to this great opportunity.
This venue is now UNDER CONTRACT.