Magnificent and historic venue in a prime location (currently operating as a wedding and function centre).
ATTENTION all hospitality innovators and entrepreneurs. This fully licensed & historic heritage listed wedding and function centre “Longworth House” has just become available for lease.
Regarded as one of Newcastle’s most significant heritage listed buildings the “Longworth Institute” enjoys a fine brick and breathtakingly carved sandstone facade. The interior is adorned with hand carved timber, stained glass and ornate plaster work. Designed in 1892 by the prominent Newcastle architect, Frederick Burnhardt Menkens, it is considered by many to be his “masterpiece”.
This very impressive and well-equipped wedding, function and restaurant venue has everything you need, it just requires a new business owner to use their creative minds and turn this already well known loved local icon into one of Newcastle’s best licensed venues.
Key features include:
- A historic heritage listed building operating as a modern & elegant wedding
reception and function centre. The venue is currently used for weddings,
parties, corporate, sports clubs and charity events
- Three function rooms (The French Provincial Ballroom, The Menkens Bar & The
Williams Room) can accommodate 400 guests at any time
- Offering a very secure and long term lease on a large allotment
- Fully functional and modern commercial kitchen that can be utilised at any
- Many forward bookings making this business extremely attractive to a new
- There is also the opportunity and potential to operate any of the rooms as a
normal bar, café or restaurant and open more days and nights, not just for
scheduled pre-paid events.
Currently there is 12 months of future bookings in place. For the new owner there are plenty of opportunities to add value to increase the sales and revenue, by marketing into the appropriate channels during seasonal trends and opening additional hours if desired. You are buying everything from the plant and equipment, brand, exclusive location, the event business, Intellectual Property and the website.
Don’t miss this great opportunity at an unbelievable price.
Learn more about Newcastle
|R&H Suburb Summary||Houses|
|Number of sales||4|
|Median Rental Price||$350 p.w.|
|Change in Rental Rate (5yr)||-20 %|
|R&H Suburb Summary||Units|
|Number of sales||108|
|Median Rental Price||$500 p.w.|
|Change in Rental Rate (5yr)||2 %|