Hundreds of patrons were evacuated from the venue.
Patrons attending an event at Melbourne's popular 170 Russell on Saturday night were evacuated after a fire broke out just after 10pm.
According to The Age, emergency services were called to the live music venue and took about 30 minutes to stop the fire which started at the rear of the stage.
The hundreds who were in attendance for the Bingo Loco event, hosted by Alex Dyson, were not injured.
K Pop band Dreamcatcher were scheduled to perform at 170 Russell on Sunday night, however the show was called off following the blaze. US rapper Pouya is still billed to perform at the venue on Tuesday night.
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"We've got a show on Tuesday night and we're hoping at this point we will have the venue up and running by then," 170 Russell entertainment manager Ben Thompson said.
"It's a little hard to tell the extent of the damage, but it looks like predominantly water damage as opposed to fire damage.
"We're extremely glad people were able to evacuate safely and no one was hurt.
"It happened at the end of an event. People were evacuated and no one was hurt - and that's the most important thing, the safety of our patrons."
The Music has contacted 170 Russell for further comment.