ICONIC ITALIAN PIZZERIA / WINE BAR IN PREMIUM CBD DINING PRECINCT

A rare opportunity is now available to acquire an established Italian restaurant in the heart of Melbourne’s CBD, positioned within one of the city’s most recognised dining, theatre and entertainment precincts.

Established in 2012, this long-standing venue has built strong recognition within Melbourne’s hospitality scene and enjoys a reputation for authentic Italian dining, quality wines and relaxed aperitivo-style hospitality.

The business operates from an impressive premises with strong street presence, a quality Italian-inspired fit-out, fully equipped commercial kitchen, twin-deck Moretti oven, indoor seating and a highly sought-after outdoor alfresco dining area.

Currently operated under management and trading only three days per week, this business offers enormous upside for an energetic owner-operator or experienced hospitality group. With unused capacity across the week, there is clear scope to increase revenue through extended trading hours, lunch trade, corporate functions, private events, stronger marketing, delivery, catering and targeted promotions to CBD workers, theatre patrons, tourists and hotel guests.

The venue also benefits from a valuable 1am General Liquor Licence for 101 indoor patrons, plus additional outdoor seating, allowing significant flexibility for food, wine, cocktails, aperitivo service and late-night trade.

A secure lease commenced in September 2023, with a further six-year option available, providing long-term security in a tightly held CBD hospitality precinct.

Key Features:

• Established Italian restaurant trading since 2012
• Premium Melbourne CBD location
• Rent only $2,440.94 + GST per week
• Strong hospitality heritage and market recognition
• Two-level venue with quality fit-out
• Fully equipped commercial kitchen with twin-deck Moretti oven
• Valuable outdoor alfresco dining area
• 1am General Liquor Licence
• Seating for 113 patrons, including indoor and outdoor areas
• Secure lease with further six-year option
• Currently run under management
• Only trading three days per week
• Huge opportunity to grow sales with extended hours and active ownership
• Ideal for an owner-operator, Italian food specialist or expanding hospitality group

This is an outstanding chance to secure a proven hospitality venue with history, infrastructure, location and serious upside in one of Melbourne’s most prestigious CBD dining precincts.

Opportunities of this calibre, with a quality fit-out, general liquor licence, secure lease and genuine growth potential, are rarely offered to the market.

For further details, please contact Grita Angelucci.

For more details, please email broker or call agents.