Block size: 404 m² approx.Business size: 500 m² approx.UV: $794,000 (2023)
$350,000 + stock at value Reload Bar & Games at 34-38 Northbourne Avenue www.reloadbar.com.au https://www.canberratimes.com.au/story/8518366/reload-bar-10th-anniversary-celebrated-with-for-sale-sign/?cs=14329
This is an exceptional opportunity to purchase a 10 Year established hospitality venue in the historic Sydney Building Seeking Genuine buyers. This business ticks all the following boxes: * High-exposure City Central location: Frontages on Northbourne Avenue and the newly renovated Verity Lane, in a precinct known for both lunchtime and night-time trade. * In the vicinity numerous Offices/ Govt departments with further development to the light rail and adjacent surface carparks in the pipeline * Inside the proposed 'City Core' area that will have relaxed restrictions on noise, fostering a day and nighttime economy * The business includes the adjacent, integrated 'Token Arcade & Kitchen' and '1Up' Cocktail bar * A long list of regular bookings from professional groups, student groups, special interest organisations and 3rd party event organisers. * 7 distinct spaces, 4 bars, 2 outdoor areas - total capacity 420 ppl * approximately 500 sqm internal area * Professional staff services, hundreds of 5-star social media reviews and 10,000+ social media following * Fully equipped commercial kitchen, cool room / keg room. Beer Tap and post mix systems serving all 4 bars. * This is a turnkey business with an asset value of $225,000+, renovated in the last 3 years to the value of $150,000+ * The rent has been held at 2012 levels and will remain so for the new operator. The landlord has offered a lease renewal to approved buyers. * By negotiation, the current management will stay to facilitate a smooth transition period * The business has seen stunning growth in revenue, growing from $600k in 2019/20 to $1.5 million in 2022/23. * General Liquor (2am) and food business licenses, outdoor dining permits will be transferred.
Features
Body Corporate
nbn® Fibre to the Premises (FTTP) is available in this property
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Inspections
No open inspections scheduled.
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Contact Ravi Sharma to learn more about this property, request an inspection or take an online tour.
Key details
Bathrooms:
3
Property type:
Business
Block Size:
404 m²*
Unimproved Value:
$794,000 (2023)
Other Details
Block:
13
Section:
48
Business Size:
500 m²*
Rates (Residential):
$4,852*
Rates (Commercial):
$40,397*
Rates (Rural):
$1,268*
Land Tax (Residential):
$8,957*
Legal description:
CANB/CITY/48/13
nbn® availability:
nbn® Fibre to the Premises (FTTP)
*These are approximate values based on available information.
Ravi Sharma
Private lister
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