VENUES SOLD > WAH WAH LOUNGE - 3000

WAH WAH LOUNGE - 3000

You'll find Wah Wah Lounge on the junction of Londsdale Street and Waratah Place with a secluded side entrance from Waratah Place. Open four days a week it is a go to venue in the CBD for the under 25 party people.  It has a great reputation for being safe, excellent music a fun atmosphere with a huge social media following.

 

Wah Wah Lounge is based around two independent levels, the Bubble Bar and the Lounge Bar. Both rooms are suitable for 50-200 people and have their own bar, toilets, sound system and access to the shared smoking courtyard. The Lounge Bar is a comfortable, intimate room filled with couches, booths and modern industrial styled décor. The highlights of this room include a huge elephant mural and an awesome lighting feature consisting of eighty computer controlled hanging LED tubes.  The Bubble Bar is a more open, dance floor based room with less seating and a state of the art nightclub lighting system. Patrons dance the night away under a top spec Funktion1 sound system, smoke machines, lasers, strobe, bubble lights, LED tubes and moving heads an experience that will not be forgotten. The Bubble Bar also features a VIP mezzanine .

 

There are eight years left on the lease made up of 2x3x3 and further options are available at the end of each term.  Rent for such a large venue is only just over $2000 plus GST.  The liquor licence is a rare 24 hour late night on premises license with a capacity of 230.  All fixtures and fittings are included in the sale. 

 

The venue has average weekly takings of $35k and recently had two weeks of over $75k.  The venue is run completely under management and the team are more than willing to stay on.  So this is not only a fantastic venue to own and manage but also provides an excellent return for an investor. The vendor is looking for offers in the region of $730,000 for this exclusively listed venue. 

 

This venue is now SOLD.