Your chance to own a piece of Abbotsford’s The Vic

Sometimes you wanna go where everybody knows your name.

That’s a key selling point for the lease of Abbotsford pub The Vic, where even the customers have inquired about taking it over.

The well-known watering hole at 279-281 Victoria St is on the market as a $395,000 leasehold, with rent of $1275 a week.

And after council approval was finalised just weeks ago for a capacity increase from 40 to 100 people, there’s plenty of room to move.

The Vic is on bustling Victoria St.

With eight years left on the lease, CRE Brokers agent Lloyd Nunn says there is also the option to extend it for another two terms.

“There’s a huge amount of foot traffic, but it’s more of a destination venue” Mr Nunn said of The Vic. “”A lot of people come from other areas to go there.”

“It’s a local pub, it’s a bit like Cheers – everybody knows everybody.”

Open-air seating at the front of the bar.

Nunn says multiple regulars at the bar have already inquired about taking on the leasehold.

“A lot of patrons are professionals; there’s been a few inquiries from customers … but nine times out of 10 it’s wishful thinking.”

Despite the punter interest, Nunn says he expected interest will come from further afield.

Capacity was recently increased from 40 to 100 people.

“Because it’s a very well run venue and it’s a passive income, it’ll be professionals (that buy it),” he says.

“Or it’ll be one of the small groups, just like the group that owns it for the moment – it’s too expensive for your first-time owner.”

The vendors are selling to downsize their portfolio.

This article from The Herald Sun originally appeared as “Abbotsford’s Vic Bar leasehold up for grabs, customers inquire”.