Popular Surfers Paradise riverfront bar Helm Bar has shut its doors for good after going into voluntary administration.
Despite assuring patrons only yesterday that it was business as usual, Helm has posted on its Facebook page that it’s closed from today.
It’s been reported Helm’s leaseholders owed money to its landlord, bank and the ATO.
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The couple behind the popular bar had made attempts to sell the business after talks with its landlord about reducing the rent failed.
It’s understood Helm’s rent had recently increased by 25%.
In a post on Facebook this morning, Helm thanked everyone for their support over the last five years.