Bars

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The popular Kings Cross watering hole Gazebo Wine Bar &amp; Dining has been listed for sale
One of Sydney's original wine bars, Gazebo sits on the fringe of Elizabeth Bay and Potts Point at <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-elizabeth+bay-503121426" target="_blank">2 Elizabeth Bay Road.</a>
Its name derived from the Gazebo Hotel, which opened its doors in the late 1960s. Back then the ground level bar was named Pavilion.
The hotel closed in the 1990s and was sold off as residential apartments in 2005 after a four year conversion of the 18 storey tower nicknamed 'the corncob.
There was an $8 million sale in 2014 when Anthony Frogatt, the vice president of the Brewers for Europe, <a href="https://www.urban.com.au/expert-insights/buying/34224-syd-fischer-sells-8-million-gazebo-elizabeth-bay-apartment" target="_blank">bought the whole floor apartment</a> of Syd Fischer.
In 2014 The Keystone Group, the former hospitality giant who went in to receivership two years later, bought the bar.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/20/Gaz2.jpg" alt="">
In the 2015/16 financial year, the venue was taking income of over $2 million a year.
The Keystone Group had to offload 17 venues, including the likes of Bungalow 8 and Cargo Bar, citing the lock out laws as partly to blame for their demise.
Gazebo was picked up by Sydney restaurateur Liz Taylor, after a reported $3 million refurb from The Keystone Group over their brief ownership.
Taylor teamed up with seasoned chef Tristian Hope and redesigned the space in 2017.
Knight Frank agents Kate MacDonald and Mike Wheatley are marketing the property.
 
 
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Gazebo Wine Bar & Dining at Kings Cross listed

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A fully leased Circular Quay restaurant space has been offered to the market.
Cushman &amp; Wakefield hold the listing for Lot 17 overlooking Sydney Harbour.
Situated at <a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-503106778" target="_blank">17/1A Macquarie Street</a> in Opera Quays, the space is currently leased to Buckley's Craft Beer Bar where it forms a part of the bar/restaurant.
It is a long term lease, 2010 to 2024, with a net income of $294,801 pa.
<img src="https://www.urban.com.au/images/2019/3/12/Buckleys%202.JPG" alt="">
The gross rent is set to increase to $410,000 from 1 April 2020.
Set on 60 sqm the property is strata titled.
The property is for sale by expressions of interest closing March 26 2019.
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Leased Circular Quay restaurant space for sale

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Popular craft beer bar Ze Pickle has snapped up a 10-year lease, with 2x5-year options in Noosa Heads.
Located at 5 Sunshine Beach Road, it sits on a 506 square metre land parcel that was the site of a KFC restaurant for more than 30 years.
The property was marketed and leased by Ray White Commercial Noosa and Sunshine Coast North agent Paul Butler in conjunction with property ponsultant Louisa Blennerhassett.
Mr Butler said the KFC that was previously in place had closed the site after it opened a drive through restaurant in Noosaville.
“We had strong interest in the property due to it being one of the only freehold opportunities available locally and it having strong street presence,” Mr Butler said.
Ms Blennerhassett said it was decided to move forwards with Ze Pickle, which had a “cult-like following”.
“They have been looking for Sunshine Coast sites for some time and are aiming to open in the coming weeks,” Ms Blennerhassett said. 
“We were very pleased to be able to assist the owner, also a Noosa local, to secure a quality concept for the site. The restaurant will be open in time for the busy summer trade, and their signature style is sure to be popular.”
 
 
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