Open at the moment only at the weekend the target audience for Lounge on Queen is the late night dance crowd and specific DJ's and promoters that bring their own crowd in to this basement venue.
Heading down stairs straight from the street you enter a venue that has two areas that can be closed off as a VIP/ PRE booked private areas, a large dance floor with raised DJ and a very long bar that has plenty of space to look after everybody. The venue is in good condition having undergone a recent refurbishment. All fixtures and fittings are included in the sale except some of the sound system that is leased.
The venue has a capacity of 230 with a 3am licence. There is a nice long lease left of 14 years made up of 9 + 5 with rent only being $2000 a week. The bond is four months rent.
This is an incredible opportunity for those with the vision to take on the venue and bring the venue back to its potential with the infrastructure all there ready to go. The vendors do not have any books and so are looking for a walk in walk out sale. They have asked the listing price to be $130,000 which is an absolute steal for such a venue.
This venue is now SOLD.