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UNDERWOOD WINE BAR

181 St Georges Road Fitzroy North 3068
$120,000

Description

Underwood Wine Bar is located on St Georges Road in Fitzroy North and is quintessentially the perfect place for an intimate mid-week drink and snack to a boozy weekend catch up with friends. This venue is notorious for its exclusively all Australian Wine & Beer list with media recognition for housing arguable some of the best wines in Victoria. The food offering is simple but tasty offering seasonally driven snacks such as toasties, cheeses, olives and cured meats and is matched perfectly with its well-priced drinks menu.

The interior space bypasses uptight coolness in favour of a more friendly and relaxed vibe. The venue is also versatile which allows it to cater for private functions and parties as well as casual patrons. The exterior courtyard is perfect for alfresco dining and is sheltered from rain but allows plenty of natural light into the space and with trade extended over 6 nights, the party never stops at Underwood Wine Bar.

Call Marc 0412 359 907 or Nick 0419 589 852 

BUSINESS HIGHLIGHTS:

Annual turnover of $300,000+

Net profit of $80,000 p.a

“On Premise” Liquor licence until 1am Thurs – Sat (11pm Sun – Wed)

Local & loyal customer base with solid social media following

Seating for 20 inside, 4 footpath seating, 12 in rear courtyard

Open 6 nights from 5pm Tues – Fri & from 3pm on Weekends

Great rent: $48,780 + GST p.a – upstairs apartment currently subleased at $13,000 p.a (reducing business rental down to ONLY $35,780+GST p.a approx.)

Fantastic location, huge foot traffic area, opposite Edinburgh Gardens

Opportunity to live upstairs at the bar with a 2-bedroom apartment included in the lease

Secure 10 (5+5) year lease commenced April 2017

PRICE: $120,000 ONO

Be quick, a bar this good in this location, will not last long! Call Marc 0412 359 907 or Nick 0419 589 852 

  • 181 St Georges Road Fitzroy North 3068, Melbourne, Australia
Marc Di Genova
Marc Di Genova
0412 359 907
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