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Food and Beverages Wealth creation & accumulation

Italian Restaurant For Sale - 616 Nicholson St, Fitzroy North, Victoria 3105 (With Great Growth Potential)

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616 Nicholson Street, Fitzroy North, VIC, 3105
Italian Restaurant 200 sqm | LAST OFFER

BBX - property with license number- Transparent
Property information requirements - ONLY Restaurant NOT Business

Address: 616 Nicholson Street, Fitzroy North, VIC, 3105

Property Type (eg unit, condo, house, land): Italian Restaurant

Price and Currency (BBX portion): $140,000

Cash - $ 80,000 and BBX - $ 60,000 (43%)

 Enquire Now - LAST OFFER

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Address: 616 Nicholson Street, Fitzroy North, VIC, 3105

- License premises, 200 sqm area of access, 80 seats in/ 6 seats out

- Great location in Nicholson Street Fitzroy Melbourne CBD

- Rent/lease opportunity on market appraisal more than $7,000 per week

- Rent amounted to $1,000 per week

- Licensed premises established since 1986

- Large rooms and space fits 80 people

- Areas in excess of 200 sqm

- Full Commercial Kitchen 

- Functions catered for local community, 200 apartments nearby with potential for takeaway

- Nearby with strategic residential apartments, businesses offices, and public transportation available

- Excellent cafe opportunity and reviews proven online

Property Background:


This is a family-owned business. They have been running this restaurant for over 11 years. "We've built a loyal clientele but my parents are getting too old to run this restaurant for much longer. I remember when we started it, we had no idea what we were getting ourselves into. But after 11 years, we can look back and call ourselves a successful immigrant family.

Materialistically, we now have 4 Mercedes Benz and a 1.8 million dollar house in the Eastern Suburbs. But beyond that, this restaurant had given us the freedom to live our life on our terms and settle in Australia. We are only open for dinner 6 nights a week. Anyone taking over this restaurant, can multiply the sales that we were able to generate."


Property Agent:  Contact for BBX to obtain further information:

Phone:0422 313 900 OR (03) 8594 1839
Kern Kapoor ( 0404 286 888)

Email: OR

Enquire Now

Shafeek Yoosuf
Director/ Licensee
BBX Melbourne South East and Mornington
p: (03) 8594 1839
0422 313 900
a: 173, Westwood Bvld, Keysborough, Vic, 3173.
w: e:  

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Categories Food and Beverages, Wealth creation & accumulation