VENUES SOLD > TUSCAN BAR - 3000

TUSCAN BAR - 3000

Tuscan Bar is perched above Bourke Street close to Parliament House. It’s a luxurious and decadent bar that is a perfect pick for post-work drinks in the sunshine, for a location at which to kick a night off, as well as out-of-the-office corporate events. The Tuscan Bar has an excellent reputation both for the corporate crowd during the week and those that want a great night out at the weekend. 
 
The Grande Room of the Tuscan Bar’s Italian inspired fit-out is definitely lavish, filled with tables and chairs, and corner "booths", so that even on a quiet night (it is open all week) you don't feel as though you're having a drink in the middle of a football oval, which is a problem that faces many larger venues when at less-than-full capacity. The venue boasts an opulent cocktail bar and impressive cocktail menu accompanied by hearty authentic Italian tapas & mains served from the large commercial kitchen. 
 
The rooftop bar is one of Melbourne's most unique and fun filled spaces. Walls of Tuscan landscapes set the scene for a night of elegant gatherings and cocktail pleasures. Sitting around wooden barrels and flicking through the esteemed wine list patrons are immersed in the style of Italy in magnificent Melbourne.
 
The Tuscan Bar has a late night on premises licence until 3am with a capacity of 300. All fixtures and fittings come with this venue. Rent , GST and out goings are incredibly low for such a large venue in the CBD coming in at less than $2000 a week. There are seven years left on the lease but the landlord is prepared to offer a new 20 year lease upon negotiation during transfer. 
 
The venue has an efficient management team leaving the vendor to concentrate on other business interests. So the Tuscan Bar suits both the investor looking for a passive income or an owner/operator that can take the venue to the next level.  There are a full set of books for this venue which clearly justify the asking price of $1M for this slice of Italy in Melbourne. 
 
This venue is now SOLD.