In the heart of the CBD on Swanston Street just up from the State Library , two floors up is where you will find the Redlove Music Room. Targeting the late night party crowd it is only open on a Friday and Saturday with a consistent set of nights and income.
Heading up the steps from Swanston Street you’ll fist pass Redlove's sister venue and then on the second floor walk in to a cavernous area. There is tiered, comfortable bench seating that faces the dance floor and stage. To the left the raised DJ booth and to the right a large well serviced bar. Above the bar is a walk way gantry used for lights, fashion shows and storage. What dominates the room though is a large raised stage so that wherever you are in the venue you can see who is playing. Toilets are to the rear of the venue and walking past them and up an internal flight of stairs there is a large storage room and office. If you keep heading up the main stairs you’ll then come out on to the roof top with its own self contained bar. The perfect place to escape to and it’s rare to find a rooftop venue on the market.
The Redlove Music Room has a late night on premises licence with 1am during the week but in addition can open from 1am Saturday (Friday night) right through to 3am Sunday, with a capacity of 290. Rent is only $1700 a week including GST and there will be a new fifteen year lease on transfer made up of 5x5x5. All fixtures and fittings are included in the sale except for the lights and AV which are leased.
The vendors have other venues and the income from this one is incorporated in to the others so there are no books. However, they will quickly be able to show you the $15-18k average income per weekend. The vendors are looking to reduce the number of venues that they have and so are looking for offers in the region of $295,000 for this exclusively listed venue.
This venue has now SOLD.