FOR SALE
$50,000

101 Glebe Point Road
Glebe NSW 2037

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Bathrooms: -
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The Local Lounge / Bar - (Formerly Despana Tapas Bar)

Phone enquiries - please quote property ID 34110.
A fantastic venue offers a wonderful opportunity. Step back in time at Local Lounge, Glebe's hidden Spanish Fusion gem. Channeling a speakeasy vibe. Exposed brick walls and plush banquette seating create an intimate atmosphere, while a cool retro theme adds a touch of fun.
Recently rebranded to reflect its dedication to being the ultimate chill-out spot in Glebe. Local Lounge offers a welcoming, rustic atmosphere perfect for creating memorable experiences. Located just 3km southwest of Sydney CBD, it caters to the diverse demographic of Glebe, including professionals, singles, families, retirees, and students.
Location:
Situated on a main road shopping strip, amidst other eateries and close to the vibrant Glebe Markets, Local Lounge is ideally positioned to attract a steady stream of customers.
Features:
* Established Reputation: Over 12 years in operation - current owner managing it for the past two years.
* Inclusive Setup: Sale includes all fixtures, fittings, equipment.
Key items:
* Full commercial kitchen with char grill, stainless steel benches, multiple under-bench fridges, upright freezers.
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Property Details for 101 Glebe Point Rd, Glebe

Building Type
Commercial

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About Glebe 2037

The size of Glebe is approximately 1.7 square kilometres. It has 14 parks covering nearly 17.1% of total area. The population of Glebe in 2011 was 11,123 people. By 2016 the population was 11,538 showing a population growth of 3.7% in the area during that time. The predominant age group in Glebe is 20-29 years. Households in Glebe are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glebe work in a professional occupation. In 2011, 34.9% of the homes in Glebe were owner-occupied compared with 34.8% in 2016.

Glebe has 7,979 properties.

    There are currently 24 properties listed for sale, and 37 properties listed for rent in Glebe on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Glebe.

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