Contact Agent For Address, Lorne, VIC 3232 | Commercial for sale | OnTheHouse
FOR SALE
$200,000

Contact Agent For Address
Lorne VIC 3232

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QUALITY RESTAURANT AND COCKTAIL BAR IN LORNE

Phone enquiries - please call 1300 594 794 and quote property ID 29001.
Mestizo Restaurante & Cocktail Bar is a quality business located in the main thoroughfare of Lorne. The business has been established 4 years with good quality equipment and up the market decor. Has a liquor license up until 1.00 pm in the evenings.
Currently only trading 4 nights per week with HUGE scope to expand. The limited trading hours are the owner's wishes, as they want a balanced lifestyle. This husband and wife team is only working 20 hours p.w. in front of the house. Additional staff is in place raging from four to ten people in busy times. This business could easily trade 7 nights per week, as Lorne is a bustling place, especially in the spring, summer, and autumn times. It's also possible to shut down during winter if you wish.
It has been an amazing journey for the owners, setting up just four years ago and two of those years were COVID, yet it is a profitable business with potential for so much more. Owners also have another business in town which is also for sale. The decision for the owners has been made for a complete change of lifestyle.
Being the only cocktail bar in town, it is well occupied by locals, weekenders, and tourists and is the ‘hub’ of the evening and night scene to enjoy wonderful food for dinner and cocktails/drinks in the evening.
Raving reviews include:
“Best Restaurant in Lorne”
“Great atmosphere, friendly engaged waitstaff, good food”
“The atmosphere was divine!”
“Interesting food beautifully prepared and presented by knowledgeable and caring staff. Good wine list at reasonable prices”.
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Property Details for Contact Agent For Address, Lorne

Building Type
Commercial
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About Lorne 3232

The size of Lorne is approximately 104.7 square kilometres. It has 13 parks covering nearly 110.1% of total area. The population of Lorne in 2016 was 1114 people. By 2021 the population was 1327 showing a population growth of 19.1% in the area during that time. The predominant age group in Lorne is 60-69 years. Households in Lorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorne work in a managers occupation.In 2021, 70.10% of the homes in Lorne were owner-occupied compared with 65.00% in 2016.

Lorne has 2,696 properties. Over the last 5 years, Houses in Lorne have seen a 30.18% increase in median value, while Units have seen a 37.30% increase. As at 31 October 2025:

  • The median value for Houses in Lorne is $1,714,263 while the median value for Units is $1,050,266.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 7 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to Cotality's data, 70 properties were sold in the past 12 months in Lorne.

Suburb Insights for Lorne 3232

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.