Void 399
Void in Ringwood has undergone a major transformation. During Covid when things were not going too well the vendor combined with the landlord to build and then after Covid launch one of the most dynamic venues in Melbourne. Over $2M was spent and nothing spared to give both an outstanding club but also dining experience.
The entrance is off Maroondah Highway and after checking in you head in to a cavernous club with an outstanding light and sound system. A very long bar is down one side of the venue and behind the bar is a wide corridor with supplies and storage all along it to support the operation. And this in turn arrives at a walk-in cool room accessed each end with a glycol beer system and is so large that stock is stored on pallets. Above the main dance floor is a self contained Dj and lighting booth. At the far side of the dance floor there is an entrance to the "Cube" a self contained mini club with in the club with it's own DJ and bar. The toilets are all together on the ground floor and have been transformed in line with the decor of the venue.
Upstairs is a large open dining area that after dinner service becomes another dance floor. There is a fully retractable roof over this area. A brand new pizza oven and commercial kitchen has been installed next to the bar. This level has independent access via stairs at the rear of the venue from the service alley way. Still on this level, but up above the main dance floor, stairs lead up to a private lounge that looks out across the venue. Next to it is the venue office.
Void has a Late Night On Premises license with a large capacity of 620 till 5am. There are eight years left on the lease made up of 3+8 with the landlord wiling to negotiate extra terms. Rent including GST is $2600 a week. Not bad for such a big venue. There is an extensive fixture and fitting list. The vendor will also transfer all IP and promoter nights, guest lists etc to give any new owner a head start.
Void has now been created and is doing well, so the owners wish to now step back and hand the reigns over to someone else to keep things moving forward. Void suits an experienced owner operator or group that understand the night club scene. To attract the correct tenant and give them the best start the venue is being listed at a considerable discount of $1.1M. A full set of financials show that this figure as profit should be reached in only 18 months. This exclusively listed venue is just just stunning.
Property Address
- Address: 115 - 119 Moorandah Highway
- Area: VIC - Melbourne
- City: Ringwood
- Country: Australia
- Zipcode: 3134
Property Overview
Price:
Leasehold $1,100,000