A unit on a lot in 1/PS432208 St Kilda VIC. The local council is Port Phillip, it has 0 bedrooms, 0 bathrooms.
Secret Garden - 1P4974 True to its name, Secret Garden is just that. Secreted away from the hustle and bustle of Fitzroy Street in St Kilda. It offers the tranquility of garden daybeds, delectable cocktails on the decking, private areas for a more intimate experience or just dancing the night away in Robin's nest whatever the vibe, Secret Garden is there to cater. Outside there is the Garden with a capacity of up to a hundred customers. Behind the picket white fence there is its own bar area with retractable roof and fixed furnishings throughout the area. Across the lane way is the decked area that is fully sheltered, heated and furnished with day beds and indulgent lounges. It is also fitted with its own separate speaker system. Heading inside there is the dance floor with DJ booth above it. To the right is the bar with a small store room and office behind it. On the other side of the dance floor is a VIP function room. Down past the toilets there is a large storage area which is needed to look after all the outside furniture, with a storage cage also part of the lease that is in the base of the main building. Secret Garden has a late night on premises licence until 3 am with a capacity of 267. Rent comes in at $2475 a week including GST. The lease is in the process of being renewed with a rent review including ten years made up of two terms of five years. There is an extensive fixture and fittings list with no contracts or equipment lease agreements in place. Secret Garden is run completely under management as a passive income with a core business of functions and weekend DJ's. So it suits both an owner operator that can drive the business forward or those that want to invest in a well performing venue. There are an excellent set of financial accounts and tax returns. The vendor wishes to concentrate on another business that he has and so is only looking for offers in the region of $395,000 which represents a very good return on the investment needed for this exclusively listed venue.