Want to own a historic music venue? Bids start at $1 on eBay.
Pete Townshend. Slash. Tom Yorke. Alt-J. ZZ Ward. Shakey Graves.
These are several of the big-name artists who have performed at Austin’s renowned Sixth Street music venue, The Parish. Now, you can own the 5,300 square feet, 425-capacity venue all for yourself. Bids will start at $1 on eBay.
Updated (December 5th, 7 pm): Bidding price on eBay has just crossed $250,000, up from an initial starting bid of $100,000. There are 5 days left.
Speaking with Billboard, ATX Brands CEO Doug Guller explained that his holdings company will exit the music venue business.
The company has already sold two other music venues this year. The company sold Schroeder Hall, Texas’s second oldest dance hall, for $499,700 on eBay last April. Winning bidder Linda Krause explained that she made the purchase because “she enjoyed dancing at the venue in the 80s and 90s with her late husband Bill.”
“[The Parish] will be someone’s Christmas present.”
Guller also sold the Scoot Inn, a historic bar, to C3 Presents. ATX Holdings nor the Live Nation-backed company disclosed the final sales price.
Though bids for The Parish will start at $1 on eBay, bids will have to reach “an undisclosed reserve price to actually trigger a sale.” Guller said,
“I’ve set it at a number that will make the potentially winning bidder very happy, but it can go well above the minimum requirement.”
With the winning bid, the buyer will have to “assume a 12-year lease with two five-year renewal options.”
Guller added that he hopes that the buyer will have a story like Linda Krause.
“I’ve been fortunate enough to be a part of Austin’s music scene for the past eight years with Scoot Inn and The Parish, and I hope that there’s someone here local that has a similar story to Linda Krause.
“Hopefully it’s a person or persons who are in the industry that can afford a venue like The Parish and can take it to the next level.
With the sale of The Parish, ATX Brands will focus on its multiple restaurant properties in Texas.
Featured image by Nick Youngson (CC by 3.0)