The Muddle Bar, Civic, goes on sale for $1.3 million

For more than a decade the Muddle Bar was an elegant cocktail bar, serving up some of the best drinks in the city from its West Row location.

Now on the market, the venue offers a sophisticated, ready-to-use setting for prospective bar owners to work their magic. The 172-square-metre space was treated to a stylish art deco fit-out in 2013. The makeover has attracted strong interest from bar operators who are keen to take advantage of the sophisticated setting.

“It’s got that established, $300,000 fit-out so anyone who wants to operate as a bar or drink establishment can walk straight into it and start serving cocktails,” CBRE associate director of metropolitan investments Mark Nicholls says.

Set among an array of well-known bars and restaurants, the property is well positioned to attract those who live and work in the CBD. It is located within the iconic Melbourne Building between Mezzalira Ristorante and Thirst Thai Restaurant and across from the new Mayfair Apartments.

In addition to its mixed-use residential, office and retail surroundings, the property is also within walking distance to the Canberra Theatre, Canberra Museum and Gallery and the Canberra Centre.

Mr Nicholls says the Mayfair development, which is due for completion later this year, will attract more people to the city’s west and buyers are keen to take advantage of this new pool of potential customers.

The Crown lease also permits a range of alternative uses, including office, retail and health facilities, so the property is not limited to those in the hospitality industry. However, its location and superb fit-out make a new bar the most likely candidate for this premium city venue.

The property is for sale at $1.3 million, GST exclusive. Phone CBRE’s Mark Nicholls or Patrick Sammon on 0417 239 551 or 0404 056 443 for further information or to arrange an inspection.