Level 1 & 2/20 Gilbert Street,
Adelaide, SA 5000

Lease assignment & fitout for sale - Price Negotiable

Turnkey opportunity to take over this new popular licensed bar/small venue in Adelaide's hottest new westend laneway "Gilbert Place". This precinct is shared with the Mayfair Hotel and established neighbours such as Hains & Co and Shotgun Willies.

Level 1 is fully fitted out as an architecturally designed cocktail bar/ nightclub currently trading as "Blue Venus".

Level 2 included as a large storage area (potential for change of use of level 2 to entertainment or restaurant (subject to necessary planning approval/consent).

Annual rent for both level 1 & level 2 is only $34,839.92 plus GST plus outgoings of $28,465.94

Please note the opportunity to take over this lease & continue operating this popular business will be strictly subject to purchasing the current operators plant & equipment & full business fitout for a negotiated price with business name and signage included in the sale (if the purchaser wishes to continue operating under this name).

Property / Business features
* 2 levels
* Newly fitted out cocktail bar
* Custom made lounges and booths
* Small bar license until 2am
* Huge LED signage
* Polished concrete floor
* A very strong following of patrons

Outgoings
Annual Rent - $34,839.92 + GST + Outgoings
Council Rates - $3,246.80
Insurance - $22,418.64
SA Water - $2,800.50

For more information or to book an inspection contact agent: MATT LAZARUS 04307451...