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The Gasometer Hotel, at the top end of Smith Street, has and will continue to play a pivotal role in supporting live music in Melbourne (and the occasional stand-up act) seven nights a week. Its band room is one-of-a-kind, with a retractable roof allowing it to host open-air gigs.
There is a small area of footpath trading for those that like to smoke but they prefer to go right to the top of the venue. The open air roof top gallery area surrounded by plants and the music. Inside you have two large rooms which function as the main bar and dining area. Then heading from the bar or from another door from Alexander Parade you enter the huge and unique band room with a capacity of 350. On the ground floor there is the stage and sound technicians booth supporting the heavy hitting sound system with the mosh pit in between them. Then up a wooden flight of stairs there is the mezzanine level surrounding the stage and dance floor below. Above this is the observatory style retractable roof. It is an incredible site to see this open. Off the mezzanine is another smaller band room and bar that is used for functions or smaller gigs with the capacity for about 100.
Behind the bar there is a small fully equipped commercial kitchen. Throughout the venue there are multiple cool rooms, the beer cellar with large cooler room and 12 line glycol beer system, offices and store rooms.
The Gasometer Hotel has a Late Night General Licence with a large capacity of 385. Rent for such a large venue comes in at $3500 a week including GST. There are 19 years left on the lease made up of 4+5+5+5.
The Gasometer Hotel suits an experienced hospitality professional that understands the nuances of live music. The venue has a great reputation with multiple revenues streams and will clearly have no issues bouncing quickly back once the Covid 19 restrictions are lifted. It is just in hibernation at the moment. There are a good set of books available but the vendors are realistic with a sale price that is at a heavy discount to what the venue is actually worth and so are looking for offers in the region of $350,000 for this exclusively listed venue.