Mike Stone and I did the first ascent of The Grand Cappuchino in the early 70's at a time when it actually rained quite regularly during the winter months, hence the need to find something that remained dry. It was done as a three pitch aid route on which I led the first and final pitches, so Mike must have placed the belay bolts referred to. They were certainally not placed as lower offs for unsucessful aspirants.
Kim Carrigan did the first free ascent of the route, probably in the late 80's.
The name is a send up of The Grand Capuchin in the Mont Blanc massif. I'm pretty sure Mike climbed it during his time in Europe and always wanted to call a climb in Australia The Grand Cappuchino.