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03 Dec 17 Live Texas Music Venue Being Sold on Ebay

By Sam Moore

Here’s something you don’t see every day. A live music venue is up for sale in Austin – and it’s available on Ebay!

Doug Geller is selling the Parish’s lease through a 10-day auction. He told Billboard magazine, “This is going to be someone’s Christmas present.”

So far, the high bid is just over $200,000. In case you’re interested in purchasing the lease, below is the information listed for the site, on Ebay:

Located in the heart of downtown Austin in the historic 6th Street district, the Parish is widely regarded as the best indoor live music venue of it’s size, offering the highest quality production for artists and private events alike. The Parish provides an intimate atmosphere for fans to experience musical legends such as Pete Townshend, Slash, Perry Farrell, and Thom Yorke. Other artists, in no particular order, have included: Alt-J, The Struts, Tycho, ZZ Ward, The Black Angels, Lucius, Bonobo, Leon Bridges, Shakey Graves, Bon Iver, Mickey Avalon, Coolio, ShinyRibs, Rusted Root, The Vettes, Cigarettes after Sex, Band of Horses, and many many more.

Ideal for concerts, SXSW, ACL-After parties, corporate parties, weddings, and fundraisers. Notable past corporate clients include NPR, Stereogum, SXSW, Comedy Central, Samsung, Dell, Facebook, and Twitter. In addition to its stellar reputation for live music, The Parish also has played host to the Moontower Comedy Festival, the CMA Songwriters series, various PBS Showcases, live podcast tapings, and numerous conferences and corporate events each year.

Building:
The Parish is located at 214 E. 6th Street inside a historic building.
First floor is 7,352 sf and has two operating restaurants within the building.
The Parish is on the 2nd floor has 5,311 sf, or 42% of the total.
It shares both entrances and exits to the public but also has its own secured entrance & exit.

One block from the Historical Driskill Hotel
Three blocks from the Austin Convention Center

Fire Occupancy SRO: 430 people

Specifics:
2 full bars, walk-in cooler & ice machine
Large men & women’s restrooms
2 green rooms for artists; headliner green room include bathroom & shower
(3) Aloha POS terminals
Central HVAC
Hardwood floors
Security Alarm & Fire Suppression system

Lease:
Subject to Landlord approval, Winning bidder will sign a new and separate lease with Landlord with the following terms.
Base Rent:
1/1/18 – 12/31/19 = $9,667
1/1/20 – 12/31/24 = $10,250
1/1/25 – 12/31/29 = $10,758
1/1/30 – 12/31/34 = $12,558 (option)
1/1/35 – 12/31/39 = $13,733 (option)

Taxes = 42% of total annual property taxes.
Annual 2017 Property Taxes for the entire building: $37,632.29. (42% = $1,315.28 monthly)
For example:
Rent & Taxes for January 2018 = $10,982.28
(Rent 9,667 + Taxes 1,315.28)

(Lease form can be provided)

Shared Expenses
Winning bidder is responsible for 42% of the cost of water, gas, electricity, alarm, fire & trash service with restaurants below.

Calendar:
Website lists all shows and events confirmed and on sale at this point for 2017 & 2018.
(Winner bidder will need to honor all future shows & events on calendar at time of closing)

Marketing:
1,045 Reviews on Facebook, Google, Yelp & Trip Advisor
Average rating of 4.2 Stars
Over 36,000 email subscribers for newsletter

NOTE:
Selling “AS-IS” to include all Furniture, Fixtures, Equipment & Intellectual Property as it relates to the Parish.
Subject to applicable law, current TABC license can be included with winning bid; renewal in early 2018.
Ticketweb has 15 months left on the contract and will need to remain in place until contract ends.
Winner bidder will need to provide reasonable access to roof, hot water heater and electrical panel if needed by restaurant operator below.

If you would like to see the venue prior to the auction closing, that can be easily arranged.

After auction ends, closing will be on or before 12/22/17.

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