Lustre Bar is perched upstairs on the corner of Centre Place and Flinders Lane in the CBD. Dubbed as Melbourne’s first dessert and cocktail bar, patrons indulge in a carefully crafted cocktail or a dessert. The venue has a very loyal following of the after work crowd, corporate functions and private parties on top of the inquisitive walk in crowd.
The venue has a very decadent fit out including chandeliers made of wine glasses and the place is in excellent condition. Walking up the stairs from Centre Place you first turn right and head to the bar. From there patrons head back past the raised DJ booth to all the comfortable leather sofas and chairs. For people watching there is the small balcony at the end of the bar which is rapidly taken on any night.
There are four years left on the lease with the landlord having given in writing another term of five years upon transfer of the lease. Rent is $8680 a month but the great news is that downstairs is sublet for the fill length of the lease for for $4960. So your rent and outgoings come in at less than $1000 a week. Lustre Bar has a late night on premises licence for 85 patrons till 3am. Taking on average $15k a week with very low overheads the venue makes a tidy profit.
The vendor is looking for offers in the region of $355k for this exceptional exclusively listed venue. This venue is now SOLD.