A complete renovation in 2010 turned this art deco pub with its stunning river views into a modern day landmark that has added a touch of class and sophistication to Taroona yet remaining in touch with its heritage and suburban location.

The strength of the business is in the variety of services it offers seven days a week year round. It is a lounge bar, caf, 80-seat restaurant, large group and function venue, bottle shop and wood-fired pizzeria, with a booming take away trade for locals and commuters from a new and expanded menu. It trades from 11am until late.

The leasehold business is offered for sale with three years on the current lease and options for a further 13 years. There is also an opportunity to buy the freehold if desired. All plant and equipment is included and this is well maintained and as new’. Stock is included at value and there is a storage area underneath the restaurant.

The business is located on the one level with easy street level access and plenty of free parking. It has attractive architecture, styling and interior design to make different spaces and areas to sit and relax and enjoy the uninterrupted water views through floor to ceiling windows. Its clever design makes it versatile for small, as well as larger groups and functions.

Taroona Lounge Bar is the only licensed premise and only restaurant in the growing and up-market suburb of Taroona, but it draws its customer base much wider from the substantial passing traffic of commuters heading south to Bonnet Hill and Kingston via the Channel Highway.

The demographic of the area is a mix of affluent retirees, families and executive couples, ensuring trade throughout the day and evening in what is a captive market.

There is a stable staff including the kitchen team who will come with the business. Training and a hand over period is on offer by the current owners.

The business has a good reputation and has been well marketed and promoted, including a quality website regularly updated.