Calypso Tavern is on the market

OFFERS to purchase the Calypso Tavern in Coolangatta will close on November 20.

Gold Coast developer John Fish, of Fish Liquor, is selling the 2216sq/m parcel, which comprises the tavern downstairs and Calypso nightclub upstairs.

The Griffith Street property consists of a ground-floor tavern on four strata titles which will be sold as one lot, two ground-floor retail stratas and two first-floor stratas which currently operate as a nightclub but can be used for commercial office space.

Due to the flexible nature of the building, it is being sold either in one line, as three identifiable parcels or individually. The property is for sale through Roland Evans and Avian Weber of Knight Frank Gold Coast and Cameron McPhie from McPhie Hotel Brokers.

Mr Fish is selling the Calypso Tavern to focus on his $2.5 billion Marina Quays development at Hope Island, Mr Evans said.

Mr McPhie said the re-worked tavern offers buyers a quality holding with huge potential at an attractive price point.

“The tavern includes 35 poker machines, bottle shop, bar, restaurant and outdoor dining over 485 square metres, making it very compact and affordable,” Mr McPhie said.

Adjoining the tavern are two retail stratas being offered individually or combined, Mr Evans said.

“Both retail tenancies have large alfresco areas and an ability to work in with the tavern or completely separately.”

Mr Weber said the first floor’s fit-out lends itself to various uses.

“The nightclub, which is licensed to hold 587 patrons, currently exists and is fully operational, however there is an opportunity to utilise the space for a wide variety of commercial and also retail uses.”

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