Mermaid Bar was the first revue bar in the world to feature aquarium style tanks for performance. The highly original concept has been a huge success since its establishment 5 years ago. The property is spread over three levels with Mermaid Bar on the ground floor, an updated gentlemen's club and office on the second floor and private rooms on the third level. The premises have a 24 hour liquor licence and a brothel licence. The building has had a major internal refit and is looking great for her age. The total floor area is around 500sqm over the three levels and sits on a land area of 263sqm. The property is on a 21 years lease with a fixed rent. the ground lease is in perpetuity which provides a low cost structure while providing all the benefits of a secure lease.The business offers a range of income streams with options for managment contracts or sublets of either of the upper two levels. The current owner wants to retire and will provide full assistance for the buyer who takes over this business.
The asking price is $4.5m for both business and building.It could sell just business itself. Please contact the vendor's agent for further information or to arrange an appointment to view - Tony Sun on 021 288 2885 or email: tonys@abcbusiness.co.nz
or see www.mermaidbar.co.nz or www.abcbusiness.co.nz for more details.
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