Character-filled

VALLEY LEASEHOLD OPPORTUNITY

Hotel or Nightclub Space from 341m2, 604m2 or up to 945m2 available

More Detailed Leasehold Information

Location

The leasehold opportunity is in the Sun Building – less than 50m to the top of the Brunswick St Mall. Visibility is very high and foot traffic in that vicinity is the highest in Brisbane on busy hospitality nights.

The venue was formerly Sun Bar, and has most recently been OMFGs strip club and Drunken Monkey speakeasy – last 7 years. Ling Lings or Bunker Bar is in the basement area below – currently under lease but might also available by negotiation if a larger space over 1250m2 required. (See Google Maps)

The Valley is in the middle of an urban transformation with 10 x high rise developments completed in the last 7 years and another 15 x 30-story towers in the development pipeline.

All are mixed use residential/commercial buildings as the inner city transforms into a vibrant residential / entertainment precinct filled with high-end bars, restaurants, boutique hotels and live music venues. For the right operator, this represents an ideal opportunity to capitalise on what will be a huge period of economic activity leading up to the Brisbane Olympics.

Leasehold Details

There are two leases available now,

  • Drunken Monkey – 341m2 – access off McLachlan Street – would have a Nightclub license (3mths to transfer)
  • OMFGs – 604m2 – access off Brunswick St – would come with a Hotel License (interim transfer within 7 days)
  • Combined 945m2 – would come with a Hotel License (interim transfer within 7 days)

Lease rates are currently between $610/m2 and $650/m2 – plus outgoings (body corporate, insurance rates, etc).

Monthly Rents (+gst),

  • 604m2 – $32,574 per month
  • 341m2 – $17,389 per month

 
Plus Outgoings
which include,

  • Body Corporate Admin Fees
  • Body Corporate Insurance (50% of ougoings)
  • BCC Rates & Urban Utilities Water
  • Annual Land Tax

  
On Brunswick St there is ample street frontage with a distinctive entry way and good signage rights. This tenancy fronts both McLachlan St and Brunswick St, plus is very clearly visible from Ann St and the top of the Brunswick St Mall.

The Body Corporate consists of a Retail scheme on the bottom level (3 nightclub spaces) and a Residential scheme on the top level (40+ units with a separate entry and car park). The Primary Body Corporate is equally represented by Retail and so your interests as a leaseholder are secured with a positive and productive working relationship between the two parties.

Note: This is not a sale of a going concern. The incoming tenants will not be trading as adult entertainment. Experience suggests that the combination of a strip club in the same building as the Sun building residential units is not an ideal fit. On a positive note, the residents will be positively stoked with a new operator as a bar, restaurant or nightclub. 

Note: There are no pokies attached to the Hotel License at present. This license is entitled to up to 5 off premises bottle shops. There is one small space that traded as a bottle shop off McLachlan St for a time during Covid which you could re-activate.

Next Steps

If you’re interested in the opportunity there are two steps to follow next.

  1. Book a Site Visit with the current tenant via the Calendly App,
  2. Prior to the visit, talk with Fletcher Potanin, building owner of Lot 31, to discuss further detail and any questions so that your time is efficiently used during your site visit. (Number to follow) 

Thank you again for your time in considering this opportunity to date. We look forward to meeting you and discussing the leasehold in more detail.


 

Previous Page

Learn more about the Leasehold opportunity in the heart of the Valley

Here’s a bit more detail on the space available. If you’re still interested after reading this,

  1. Please answer a few questions below to help us understand your situation
  2. If we feel you’re a good fit, please consider the full detail of the opportunity on the next page of information
  3. Please book a site visit this week to see the space and meet the current tenant

________

Dear Hospitality Investors,

This is an off-market  leasehold opportunity in the heart of the Fortitude Valley Entertainment Precinct. 

  • Space from 340m2 – 940m2 depending on your appetite and requirements
  • Existing leases for transfer by negotiation and small consideration – not a sale of going concern

 
All uses allowable under the LEP, however the existing Hotel liquor licence in place would suit a restaurant, bar or nightclub (or combination) or an operator looking for a venue to place new poker machine licences and/or run off site bottle shops.

Multiple options available at competitive market rates:

  • 340m2 with a Nightclub licence (90 day transfer)
  • 600m2 with a Hotel licence (7 day transfer)
  • 940m2 with a Hotel licence (7 days transfer)

 
This opportunity is perfect for a professional group looking for a 5 Star venue location where the existing architecture, layout and fit out are ideally suited to a quick turnaround of a character filled venue offering excellent flexibility with multiple entertaining spaces across split levels. 

Main Features

  • Excellent central location metres from the Brunswick St Mall,
  • High ceilings, classic architectural features,
  • Grand entrance with excellent street appeal and signage,
  • Full kitchen with all equipment in good condition,
  • Multiple bars, cold rooms, storage, VIP booths & function rooms,
  • Advanced audio and lighting systems in perfect working order,
  • Quality fitout with very little to update for a quick turnaround,
  • All construction, electrical, plumbing, fire, AV, AC and refrigeration done – no key infrastructure to install,
  • Very cost effective and fast venue turnaround & rebrand – time is money.

 
This is not just one big empty clean skin room with $ millions to spend on the fitout. This is a unique venue (currently trading) with a grand entrance, high ceilings and existing working infrastructure that will be very easy and very affordable to transition to your new hospitality theme. 

The space has been designed by experts who know that large rooms need flexibility in space so that no matter how many patrons the room always has atmosphere.

Valley Transformation

The Valley is in the middle of an urban transformation with 10 x high rise developments completed in the last 7 years and another 15 x 30-story towers in the development pipeline – all mixed use residential/commercial buildings as the inner city transforms into a vibrant residential / entertainment precinct filled with high-end bars, restaurants, boutique hotels and live music venues. 

For the right operator, this represents an ideal opportunity to capitalise on what will be a huge period of economic activity leading up to the Brisbane Olympics.

If you have a strong theme and a signature venue concept and need a bigger, premium space in a prime location in the heart of the Valley, explore this opportunity today.

Next Steps

Please tell us more about you and the venue you’re looking for. This is a substantial project, so we will only talk with qualified interested parties. This is an off-market negotiation and so there will not be multiple site views open to everyone. Confirm your interest below and we will open discussions with operators with finance in place ready to act quickly.

Once we learn more about you we will invite you to schedule a site visit and will then reveal all the detail you’ll need to understand the opportunity.

Thank you for your time and attention.

What to Expect From Here

Steps to Enquire: 

  1. Learn more about the opportunity,
  2. Share basic info about yourself to make sure there’s a good fit,
  3. See detailed information about location, history and lease terms,
  4. Schedule a Site Visit & Inspection,
  5. Review Leases & Licenses,
  6. In principle offers considered by Tender date,
  7. Negotiations with shortlisted parties.

Learn more here www.ValleyHospitality.com.au

 


Listing on RealCommercial 

Dear Hospitality Investors,

There exists a unique off-market  leasehold opportunity in the heart of the Fortitude Valley Entertainment Precinct. If you’ve been searching for your next hospitality venue, this is a rare character-filled opportunity in Brisbane’s largest late-night precinct.

  • Space from 340m2 – 945m2 depending on your appetite and requirements
  • Existing leases for transfer by negotiation and small consideration – not a sale of going concern

All uses allowable under the LEP, however the existing Hotel liquor licence in place would suit a restaurant, bar or nightclub (or combination) or an operator looking for a venue to place new poker machine licences and/or run off site bottle shops.

  • Excellent central location 50 metres from the Brunswick St Mall,
  • High 6m ornate ceilings, classic architectural features,
  • Grand entrance with massive street appeal and signage opportunities,
  • Full kitchen,  multiple bars, cold rooms, advanced audio and lighting systems,
  • All equipment in good condition for a quick turnaround

 This opportunity is perfect for a professional group looking for a 5-Star, character-filled venue offering excellent flexibility with multiple entertaining spaces across split levels.

To learn more about the opportunity or to express your interest in the leaseholds, visit www.ValleyHospitality.com.au now.

 

Steps to Enquire: 

  1. Learn more about the opportunity,
  2. Share basic info about yourself to make sure there’s a good fit,
  3. See detailed information about location, history and lease terms,
  4. Schedule a Site Visit & Inspection,
  5. Review Leases & Licenses,
  6. In principle offers considered by Tender date,
  7. Negotiations with shortlisted parties.

Learn more here www.ValleyHospitality.com.au