Parlour Wine Room & High Jinks – NewActon, Canberra
It’s rare to see a hospitality business go under the hammer – but desperate times call for desperate measures. Now’s your chance to be greedy while others are cautious.
Our client has bitten off more than he can chew and now needs to offload two established and award-winning venues: Parlour Wine Room and High Jinks.
The timing couldn’t be better for buyers. The hard work has already been done: these venues have weathered the tough years, are fully operational, and positioned for long-term success. This is your opportunity to step straight into two thriving venues with the foundations already built.
- NO REVENUE OR FINANCIAL STATEMENTS WILL BE PROVIDED-
Parlour Wine Room
* Iconic dining and events venue in Canberra’s heritage-listed NewActon precinct
* Weddings, government & corporate events, and embassy functions are core revenue streams
* Long lease to January 2032, 352 sqm premises
* Assets valued at over $200k replacement cost
High Jinks
* Multi-award-winning cocktail bar (ACT Cocktail Bar of the Year 2021 & 2022)
* Popular for private parties, cocktail classes, and corporate events
* Long lease to September 2033, 58 sqm premises
* Assets valued at over $29,000 replacement cost
Lease Details
Parlour Wine Room
* Rent per month (inc. GST): $12,612.23
* Total Outgoings (inc. GST): $3,235.10 Payable (statutory, fire, insurance, common area, water)
* Size: 352.5 sqm (check)
* Length of Lease: 10 years + 3 months (commenced 25 Oct 2021, expires Jan 2032)
* Plus options: Yes
* Licensed to hold: 220 persons
High Jinks
* Rent per month (inc. GST): $2,573.25
* Total Outgoings (inc. GST): $866.80 Payable (statutory, fire, insurance, common area, water)
* Size: 58.3 sqm
* Length of Lease: 10 years (commenced 1 Oct 2023, expires Sep 2033)
* Plus options: Yes
* Licensed to seat: 60
The Opportunity
* Two complementary venues – dining/events upstairs, cocktail bar downstairs
* Established clientele across weddings, corporate, government, diplomatic, and lifestyle segments
* Trained staff, supplier agreements, food & liquor licences all in place
* Prime location in one of Canberra’s most vibrant lifestyle precincts
* Future bookings already secured, with deposits to be transferred — providing guaranteed revenue from day one
Auction Details
Method of Sale: Zero Reserve Auction
Buyer Qualification (Must Be Completed Prior to Auction)
To register and be approved to bid, buyers must provide:
1.A business plan
2.A statement of assets and liabilities for all directors
3.A statement of relevant business experience
Only pre-qualified buyers will be permitted to register and participate in the auction.
Conditions of Sale
* Sale is subject to assignment of the leases for both venues
* Final approval of the landlord is required prior to completion
* Existing customer bookings must be honoured by the incoming owner, with all deposits transferred accordingly
Inspections
* By appointment or,
* At scheduled open times:
* Monday 22nd September 4 pm - 4:30 pm
* Sunday 28th September 7 am - 7:30 am
* Tuesday 30th September 7 am - 7:30 am
* Sunday 12th October 7 am - 7:30 am
* Monday 13th October 4 pm - 4:30 pm
* Thursday 16th October 7 am - 7:30 am
Contact:
Lead Broker: Patrick Pentony – Capital Commercial Business Sales – Mobile
Auctioneer: Frank Walmsley – Capital Commercial Business Sales – Mobile
Disclaimer
Canberra Business Sales Pty Ltd is relying upon information provided by the seller. Buyers are required to make their own enquiries and seek independent advice before making any decisions.
