Artists who have played at the property include Coldplay, the Foo Fighters, Diplo, Blackalicious, DJ Krush, Cody Chestnut, Freq Nasty, The Mars Volta, Stereophonics and the John Butler Trio and many local musicians who used the venue as a launching pad to greater fame.
The property has two levels plus a mezzanine floor added around 1912 and these are split into three areas with their own entrances but with linking stairways.
This building, when amalgamated into one venue, can accommodate a crowd capacity of 520. The property also has a 24-hour liquor licence.
The 185sq m Galatos Basement has a capacity of 100 people. It has a main floor with PA, DJ set-up and bar as well as a side VIP room with booth seats.
Nielson says the 298 sq m ground floor consists of a 5.9m high stud open space area with its polished solid wood parquet floors still intact. It fits 320 people and is often used for live bands, DJs, screenings, performances and product launches.
This space can easily house lighting rigs and screens and comes with its own in-house lighting and a motorised screen as well as PA and security systems. On this floor, there is also a walk-in chiller, bar facility, toilets and a small entry/reception, with a coat check area, at the front of the building.
The 95sq m mezzanine floor is largely open plan with a small office/storage room, a bar and toilets. It has a capacity of 80 people and, with its leather couches and gas fireplace, is regularly used for more intimate events.
Nielsen said the floor would lend itself to apartment conversion. The property is for sale with vacant possession.