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The Metropol, located at the city end of Fitzroy Street in St Kilda, boasts one of Melbourne's largest and best outdoor beer gardens, with it's very own outdoor bar and décor that simply screams "Summertime in St. Kilda".
There are two distinct areas. The main room has a bar down one side, gas log fire, DJ booth, projector and screen and large double doors that lead out on to a large covered, outside area. The Cabana Area across the alley way has its own bar, benched seating and a roof of large umbrellas. Both areas can be used separately or combined in to one large party. Supporting them is a good sized, well equipped commercial kitchen, with cool room and glycol beer system. There is a separate entrance in to the kitchen which also has some storage space.
Metropol has a late night on premises licence until 3am with an internal capacity of 240. There are no number restrictions imposed on the Cabana area which is inside the red line. There are fourteen years left on the lease made up of 4+5+5 with rent including GST coming in at $2850 a week. However, a rent review has just been concluded and the rent will reduce to $2200 a week including GST on transfer. All fixture and fittings, including the DJ and sound equipment, are included in the sale.
The venue has been run in caretaker mode by the vendor as he restructures his group and so the easiest thing to do is have it run under management as a reception venue. However, the real opportunity is for an owner operator to take the venue on, capitalise on the functions but open the bar up for the remainder of the week and use its excellent licence. The vendor is looking for a quick sale so that he can concentrate on his new ventures and so is only looking for $95,000 for this exclusively listed, excellent opportunity.