The two-storey building at 100 Victoria St on the fringe of the CBD, former home to the long-running Dracula’s Cabaret Show and Dinner, is being sold after 30 years of private ownership.
The site is directly opposite the new CBD North metro station and had been the Newman family’s Dracula’s theatre restaurant for 37 years.
Dracula’s closed its doors in December 2017 and the owners opened the doors again earlier this year for a “garage sale” of the old theatre items.
The Newman family also operates another theatre restaurant in the Gold Coast.
CBRE’s Josh Rutman said the site offered flexibility for the buyer to develop the property.
“Authorities have earmarked the precinct as part of the City North plan, which will see increased development and density over the coming years, making 100 Victoria St ideally suited for use as a nightclub, multi-level restaurant or hospitality concept,” he said.
There is potential for the purchaser to construct additional levels on top of the current building or to completely redevelop the site for a much larger building.
Expressions of interest for the property will close on May 17.