kitchen nook suggestions needed.

I have attached a picture of my kitchen nook. I have an old tv stand in there now but I want update the area with a new bar wine stand. I would like to display wine glasses, wine bottles, and liquor. .. but need to do it on a budget.

I found this piece at I home store and like it. I don't have the exact measurements of the piece but it wouldn't fit the space completely but is a great piece I think. the space is 47 inch wide by 93 inches long.

do you think this piece would work.. or what would you suggest.

I also thought about buying a lower cabinet that isn't tall and displaying a wine rack uptop.

what do you think?