The Cape Live / Lounge has been a sad and unloved venue for some time now. It got a rebrand and relaunch in January last year and by last September it was trying to extend its opening hours but that didn’t save it. Its been operating only on the weekends for years now and not making use of the building most of the week. Their Facebook page says the lease ended. The previous operator was prosecuted by the Fair Work Ombudsman for illegally underpaying staff.
Examples of other nearby businesses suggest that taking over an existing space and radically transforming it can be successful (the Cider House is a good example). Trying to do the same old thing doesn’t work. For this building to be occupied by a successful business, something significant needs to change. It needs new style, new purpose and new customers.