FOR SALE
$150,000

Contact Agent For Address
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 366m2
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Save

FUNCTION & EVENTS VENUE 3am Licence - MELBOURNE CITY FRINGE

Phone enquiries - please quote property ID 23341.
Seeking WIWO Deal.
Well-established Lounge Bar / Functions business, strategically located in a highly sought-after city fringe area. With little local competition, the business plays host to a variety of corporate and private functions and events, successfully operating on only 1-2 nights per week for over 11 years. Owner now seeking a change.
The business has an excellent setup with a capacity of 200 patrons and purposely kept as a simple operation, easily run by a single owner / operator and 2 casual staff. The business has an exceptional reputation and a sought-after functions venue, however there is still plenty of room for further growth benefiting any new owner to either simply take over and run the ‘status quo’ or ramp up with database marketing, brochure drop, Social Networking, price increases and extended trading.
NOTE: The business has a healthy 4-6 month pipeline of advanced function bookings throughout the year
KEY POINTS
• Only 1 - 2 Nights per week
• On-Premise licence till 3 am – 7 days per week
• Off Premise license till 11 pm – 7 days per week
• 300m2 fully renovated and equipped premises
See More

Property Details for Contact Agent For Address, South Melbourne

Building Type
Commercial
Floor Size
366m2

Commute Calculator

About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016.

South Melbourne has 11,284 properties. Over the last 5 years, Houses in South Melbourne have seen a -1.21% decrease in median value, while Units have seen a -5.71% decrease. As at 28 February 2025:

  • The median value for Houses in South Melbourne is $1,631,239 while the median value for Units is $599,620.
  • Houses have a median rent of $700 while Units have a median rent of $625.
There are currently 53 properties listed for sale, and 30 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 438 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
No Agent Property - VIC
Show contact details
No Agent Property
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.